Northern Trust Corp.’s recently made public that its Officer FRADKIN STEVEN L acquired Company’s shares for reported $2.8 million on Oct 25 ’24. In the deal valued at $100.50 per share,27,874 shares were bought.
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Then, Karpinski Jane bought 4,338 shares, generating $437,965 in total proceeds.
Before that, Levy Susan Cohen bought 19,585 shares. Northern Trust Corp. shares valued at $2,002,664 were divested by the Officer at a price of $102.25 per share.
Goldman downgraded its Northern Trust Corp. [NTRS] rating to a Sell from a a Neutral in a research note published on September 26, 2024; the price target was decreased to $82 from $84. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late January from “an Equal-weight” to “an Underweight”. Jefferies also remained covering NTRS and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research revised its rating on January 03, 2024. It rated NTRS as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of NTRS
On Monday, Northern Trust Corp. [NASDAQ:NTRS] saw its stock jump 1.69% to $101.88. Over the last five days, the stock has gained 6.39%. Northern Trust Corp. shares have risen nearly 20.74% since the year began. Nevertheless, the stocks have risen 56.86% over the past one year. While a 52-week high of $104.25 was reached on 10/23/24, a 52-week low of $63.43 was recorded on 02/13/24. SMA at 50 days reached $91.31, while 200 days put it at $85.54.
Levels Of Support And Resistance For NTRS Stock
The 24-hour chart illustrates a support level at 100.91, which if violated will result in even more drops to 99.95. On the upside, there is a resistance level at 102.48. A further resistance level may holdings at 103.09. The Relative Strength Index (RSI) on the 14-day chart is 72.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.67%. Stochastics %K at 81.33% indicates the stock is a selling.
How much short interest is there in Northern Trust Corp.?
A steep rise in short interest was recorded in Northern Trust Corp. stocks on 2024-10-15, dropping by -0.57 million shares to a total of 3.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.74 million shares. There was a decline of -18.03%, which implies that there is a negative sentiment for the stock.
