In a filing, Northern Oil and Gas Inc. revealed its CFO Allen Chad W unloaded Company’s shares for reported $60000.0 on Oct 07 ’24. In the deal valued at $40.00 per share,1,500 shares were sold. As a result of this transaction, Allen Chad W now holds 83,792 shares worth roughly $3.13 million.
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Then, Dirlam Adam A. sold 2,508 shares, generating $96,558 in total proceeds. Upon selling the shares at $38.50, the President now owns 107,876 shares.
Before that, Dirlam Adam A. sold 366 shares. Northern Oil and Gas Inc. shares valued at $14,091 were divested by the President at a price of $38.50 per share. As a result of the transaction, Dirlam Adam A. now holds 16,791 shares, worth roughly $0.63 million.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Morgan Stanley began covering NOG with “an Equal-weight” recommendation on January 05, 2024. BofA Securities revised its rating on January 05, 2024. It rated NOG as “an Underperform” which previously was an “a Buy”.
Price Performance Review of NOG
On Monday, Northern Oil and Gas Inc. [NYSE:NOG] saw its stock jump 0.27% to $37.33. Over the last five days, the stock has lost -5.83%. Northern Oil and Gas Inc. shares have risen nearly 0.70% since the year began. Nevertheless, the stocks have fallen -8.10% over the past one year. While a 52-week high of $43.80 was reached on 07/31/24, a 52-week low of $31.13 was recorded on 02/05/24. SMA at 50 days reached $37.56, while 200 days put it at $37.99.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 37.07, which if violated will result in even more drops to 36.82. On the upside, there is a resistance level at 37.69. A further resistance level may holdings at 38.05. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.23%. Stochastics %K at 40.75% indicates the stock is a holding.
How much short interest is there in Northern Oil and Gas Inc.?
A steep rise in short interest was recorded in Northern Oil and Gas Inc. stocks on 2024-09-30, growing by 0.98 million shares to a total of 16.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 15.58 million shares. There was a rise of 5.92%, which implies that there is a positive sentiment for the stock.
