Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NiSource Inc shares valued at $216,975 were sold by Anderson Shawn on Aug 21 ’24. At $32.24 per share, Anderson Shawn sold 6,730 shares. The insider’s holdings dropped to 165,281 shares worth approximately $6.26 million following the completion of this transaction.
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Also, Jefferson William Jr. sold 4,364 shares, netting a total of over 139,953 in proceeds. Following the sale of shares at $32.07 each, the insider now holds 33,129 shares.
Before that, Anderson Shawn had added 6,730 shares to its account. In a trade valued at $216,976, the Officer bought NiSource Inc shares for $32.24 each.
Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of January 22, 2024, Barclays has initiated its “an Overweight” rating for NI. Earlier on October 06, 2023, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for NI stock.
Analyzing NI Stock Performance
During the last five days, there has been a surge of approximately 5.08%. Over the course of the year, NiSource Inc shares have jumped approximately 42.56%. Shares of the company reached a 52-week high of $37.94 on 11/21/24 and a 52-week low of $24.80 on 02/13/24. A 50-day SMA is recorded $34.97, while a 200-day SMA reached $30.41. Nevertheless, trading volume fell to 3.02 million shares from 3.06 million shares the previous day.
Support And Resistance Levels for NiSource Inc (NI)
According to the 24-hour chart, there is a support level at 37.40, which, if violated, would cause prices to drop to 36.95. In the upper region, resistance lies at 38.12. The next price resistance is at 38.38. RSI (Relative Strength Index) is 73.97 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 2.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
