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Northern Trust Corp [NTRS] Insider Selling: Time to sell?

Northern Trust Corp’s recently made public that its Executive Vice President South Thomas A unloaded Company’s shares for reported $0.53 million on Nov 07 ’24. In the deal valued at $105.80 per share,5,000 shares were sold. As a result of this transaction, South Thomas A now holds 49,756 shares worth roughly $5.42 million.

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Then, Cherecwich Peter sold 16,153 shares, generating $1,698,973 in total proceeds. Upon selling the shares at $105.18, the Chief Operating Officer now owns 4,397 shares.

Before that, Peter Cherecwich bought 16,153 shares. Northern Trust Corp shares valued at $1,721,425 were divested by the Affiliate at a price of $106.57 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 1.24% to $108.93. Over the last five days, the stock has gained 2.04%. Northern Trust Corp shares have risen nearly 29.09% since the year began. Nevertheless, the stocks have risen 45.94% over the past one year. While a 52-week high of $108.53 was reached on 11/18/24, a 52-week low of $73.98 was recorded on 02/13/24. SMA at 50 days reached $96.10, while 200 days put it at $87.27.

Levels Of Support And Resistance For NTRS Stock

The 24-hour chart illustrates a support level at 107.73, which if violated will result in even more drops to 106.54. On the upside, there is a resistance level at 109.83. A further resistance level may holdings at 110.74. The Relative Strength Index (RSI) on the 14-day chart is 73.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.83%. Stochastics %K at 85.73% 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 2024-10-31, dropping by -1.45 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.23 million shares. There was a decline of -81.54%, which implies that there is a negative sentiment for the stock.

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