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 $1,698,973 were sold by Cherecwich Peter on Nov 07 ’24. At $105.18 per share, Cherecwich Peter sold 16,153 shares. The insider’s holdings dropped to 4,397 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Peter Cherecwich purchased 16,153 shares, netting a total of over 1,721,425 in proceeds.
Before that, Thomas A. South had added 5,000 shares to its account. In a trade valued at $532,850, the Affiliate bought Northern Trust Corp shares for $106.57 each.
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 surge of approximately 4.71%. Over the course of the year, Northern Trust Corp shares have jumped approximately 24.73%. Shares of the company reached a 52-week high of $108.53 on 11/06/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $93.62, while a 200-day SMA reached $86.35. Nevertheless, trading volume fell to 1.04 million shares from 2.11 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 104.51, which, if violated, would cause prices to drop to 103.77. In the upper region, resistance lies at 106.09. The next price resistance is at 106.93. RSI (Relative Strength Index) is 70.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.21, which suggests the price will increase in the coming days. Percent R is at 24.03%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
