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National Fuel Gas Co [NYSE: NFG] Sees Increase in Stock Value

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. National Fuel Gas Co shares valued at $103,312 were sold by Reville Michael W on Sep 25 ’24. At $60.77 per share, Reville Michael W sold 1,700 shares. The insider’s holdings dropped to 8,203 shares worth approximately $0.52 million following the completion of this transaction.

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Also, Reville Michael W purchased 1,700 shares, netting a total of over 103,292 in proceeds.

Before that, KRAEMER RONALD C had sold 7,639 shares from its account. In a trade valued at $448,791, the Chief Operating Officer traded National Fuel Gas Co shares for $58.75 each. Upon closing the transaction, the insider’s holdings decreased to 7,639 shares, worth approximately $2.44 million.

Analysts at Scotiabank upgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector outperform”‘ outlook in a report released in mid September. As of February 06, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for NFG. Earlier on January 17, 2023, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for NFG stock which previously was a “a Sector outperform”.

Analyzing NFG Stock Performance

During the last five days, there has been a surge of approximately 5.10%. Over the course of the year, National Fuel Gas Co shares have jumped approximately 26.59%. Shares of the company reached a 52-week high of $63.69 on 11/21/24 and a 52-week low of $45.32 on 02/08/24. A 50-day SMA is recorded $60.94, while a 200-day SMA reached $56.37. Nevertheless, trading volume fell to 0.7 million shares from 0.49 million shares the previous day.

Support And Resistance Levels for National Fuel Gas Co (NFG)

According to the 24-hour chart, there is a support level at 62.49, which, if violated, would cause prices to drop to 61.47. In the upper region, resistance lies at 64.11. The next price resistance is at 64.71. RSI (Relative Strength Index) is 61.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.28, which suggests the price will increase in the coming days. Percent R is at 3.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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