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Raymond James upgrades Nasdaq Inc (NDAQ) stock to an Outperform

In a filing, Nasdaq Inc revealed its Executive Vice President Zecca John unloaded Company’s shares for reported $0.79 million on Sep 12 ’24. In the deal valued at $71.97 per share,11,000 shares were sold. As a result of this transaction, Zecca John now holds 113,263 shares worth roughly $8.46 million.

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Then, JOHN ZECCA bought 11,000 shares, generating $791,761 in total proceeds.

Before that, Peterson Bradley J sold 40,000 shares. Nasdaq Inc shares valued at $2,711,600 were divested by the Executive Vice President at a price of $67.79 per share. As a result of the transaction, Peterson Bradley J now holds 156,472 shares, worth roughly $11.69 million.

Raymond James upgraded its Nasdaq Inc [NDAQ] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. TD Cowen began covering NDAQ with “Hold” recommendation on September 26, 2024. Oppenheimer maintained its rating on September 09, 2024. It rated NDAQ as “an Outperform”.

Price Performance Review of NDAQ

On Friday, Nasdaq Inc [NASDAQ:NDAQ] saw its stock fall -0.73% to $74.69. Over the last five days, the stock has lost -0.29%. Nasdaq Inc shares have risen nearly 28.47% since the year began. Nevertheless, the stocks have risen 50.92% over the past one year. While a 52-week high of $75.58 was reached on 10/25/24, a 52-week low of $47.56 was recorded on 02/20/24. SMA at 50 days reached $72.51, while 200 days put it at $63.55.

Levels Of Support And Resistance For NDAQ Stock

The 24-hour chart illustrates a support level at 73.92, which if violated will result in even more drops to 73.15. On the upside, there is a resistance level at 75.57. A further resistance level may holdings at 76.45. The Relative Strength Index (RSI) on the 14-day chart is 60.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.00%. Stochastics %K at 82.18% indicates the stock is a selling.

How much short interest is there in Nasdaq Inc?

A steep rise in short interest was recorded in Nasdaq Inc stocks on 2024-10-15, dropping by -0.73 million shares to a total of 4.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.49 million shares. There was a decline of -15.44%, which implies that there is a negative sentiment for the stock.

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