The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Northrop Grumman Corp. shares valued at $17,675 were sold by WELSH MARK A III on Oct 07 ’24. At $535.60 per share, WELSH MARK A III sold 33 shares. The insider’s holdings dropped to 4,221 shares worth approximately $2.18 million following the completion of this transaction.
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Also, WELSH MARK A III sold 33 shares, netting a total of over 17,151 in proceeds. Following the sale of shares at $519.74 each, the insider now holds 4,239 shares.
Before that, WELSH MARK A III had sold 34 shares from its account. In a trade valued at $17,546, the Director traded Northrop Grumman Corp. shares for $516.06 each. Upon closing the transaction, the insider’s holdings decreased to 34 shares, worth approximately $2.21 million.
As published in a research note from Alembic Global Advisors on August 27, 2024, Northrop Grumman Corp. [NOC] has been rated down from an Overweight to a Neutral and the price target has been revised to $560. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for NOC. Earlier on June 21, 2024, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for NOC stock which previously was a “an Outperform”.
Analyzing NOC Stock Performance
During the last five days, there has been a drop of approximately -2.83%. Over the course of the year, Northrop Grumman Corp. shares have jumped approximately 10.31%. Nevertheless, trading volume fell to 0.92 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp. (NOC)
RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment.
