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. Northern Trust Corp shares valued at $2,002,762 were sold by Levy Susan Cohen on Oct 25 ’24. At $102.26 per share, Levy Susan Cohen sold 19,585 shares. The insider’s holdings dropped to 17,132 shares worth approximately $1.72 million following the completion of this transaction.
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Also, FRADKIN STEVEN L sold 27,874 shares, netting a total of over 2,801,343 in proceeds. Following the sale of shares at $100.50 each, the insider now holds 46,078 shares.
Before that, Karpinski Jane had sold 4,338 shares from its account. In a trade valued at $437,964, the Executive Vice President traded Northern Trust Corp shares for $100.96 each. Upon closing the transaction, the insider’s holdings decreased to 4,338 shares, worth approximately $1.96 million.
As published in a research note from Goldman on September 26, 2024, Northern Trust Corp [NTRS] has been rated down from a Neutral to a Sell and the price target has been revised to $82 from $84. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in late January. As of January 09, 2024, Jefferies has increased its “Hold” rating to a “Buy” for NTRS. Earlier on January 03, 2024, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for NTRS stock which previously was a “a Peer perform”.
Analyzing NTRS Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Northern Trust Corp shares have jumped approximately 19.13%. Shares of the company reached a 52-week high of $104.25 on 10/23/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $92.20, while a 200-day SMA reached $85.81. Nevertheless, trading volume fell to 0.9 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Northern Trust Corp (NTRS)
According to the 24-hour chart, there is a support level at 99.88, which, if violated, would cause prices to drop to 99.25. In the upper region, resistance lies at 101.54. The next price resistance is at 102.57. RSI (Relative Strength Index) is 64.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 29.66%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
