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. Nasdaq Inc shares valued at $454,260 were sold by Griggs PC Nelson on Oct 28 ’24. At $75.71 per share, Griggs PC Nelson sold 6,000 shares. The insider’s holdings dropped to 215,563 shares worth approximately $16.29 million following the completion of this transaction.
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Also, Griggs PC Nelson sold 4,000 shares, netting a total of over 304,200 in proceeds. Following the sale of shares at $76.05 each, the insider now holds 211,563 shares.
Before that, Peterson Bradley J had sold 13,642 shares from its account. In a trade valued at $1,027,448, the Executive Vice President traded Nasdaq Inc shares for $75.32 each. Upon closing the transaction, the insider’s holdings decreased to 13,642 shares, worth approximately $10.79 million.
As published in a research note from Raymond James on October 14, 2024, Nasdaq Inc [NDAQ] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $82. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of September 26, 2024, TD Cowen has initiated its “Hold” rating for NDAQ. Earlier on September 09, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for NDAQ stock.
Analyzing NDAQ Stock Performance
During the last five days, there has been a surge of approximately 2.22%. Over the course of the year, Nasdaq Inc shares have jumped approximately 29.94%. Shares of the company reached a 52-week high of $76.71 on 10/30/24 and a 52-week low of $54.90 on 02/20/24. A 50-day SMA is recorded $72.85, while a 200-day SMA reached $63.83. Nevertheless, trading volume fell to 2.27 million shares from 3.38 million shares the previous day.
Support And Resistance Levels for Nasdaq Inc (NDAQ)
According to the 24-hour chart, there is a support level at 75.14, which, if violated, would cause prices to drop to 74.73. In the upper region, resistance lies at 76.33. The next price resistance is at 77.12. RSI (Relative Strength Index) is 63.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 21.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
