Northrop Grumman Corp’s recent filing unveils that its CVP & Pres. Defense Systems Davies Benjamin R. unloaded Company’s shares for reported $0.62 million on Nov 11 ’24. In the deal valued at $532.93 per share,1,156 shares were sold. As a result of this transaction, Davies Benjamin R. now holds 537 shares worth roughly $0.26 million.
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Then, Davies Benjamin R. bought 1,156 shares, generating $616,067 in total proceeds.
Before that, WELSH MARK A III sold 33 shares. Northrop Grumman Corp shares valued at $16,833 were divested by the Director at a price of $510.10 per share. As a result of the transaction, WELSH MARK A III now holds 4,188 shares, worth roughly $2.05 million.
Alembic Global Advisors downgraded its Northrop Grumman Corp [NOC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. BTIG Research began covering NOC with “Buy” recommendation on June 26, 2024. Bernstein revised its rating on June 21, 2024. It rated NOC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NOC
On Monday, Northrop Grumman Corp [NYSE:NOC] saw its stock fall -1.07% to $488.68. Over the last five days, the stock has lost -8.44%. Northrop Grumman Corp shares have risen nearly 4.39% since the year began. Nevertheless, the stocks have risen 5.35% over the past one year. While a 52-week high of $555.57 was reached on 10/01/24, a 52-week low of $418.60 was recorded on 06/14/24. SMA at 50 days reached $522.54, while 200 days put it at $479.13.
Levels Of Support And Resistance For NOC Stock
The 24-hour chart illustrates a support level at 484.77, which if violated will result in even more drops to 480.87. On the upside, there is a resistance level at 495.45. A further resistance level may holdings at 502.23. The Relative Strength Index (RSI) on the 14-day chart is 32.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.00%. Stochastics %K at 8.54% indicates the stock is a buying.
How much short interest is there in Northrop Grumman Corp?
A steep rise in short interest was recorded in Northrop Grumman Corp stocks on 2024-10-31, dropping by 23829.0 shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.46 million shares. There was a decline of -1.66%, which implies that there is a negative sentiment for the stock.
