Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Northern Trust Corp shares valued at $529,000 were sold by South Thomas A on Nov 07 ’24. At $105.80 per share, South Thomas A sold 5,000 shares. The insider’s holdings dropped to 49,756 shares worth approximately $5.42 million following the completion of this transaction.
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Also, Cherecwich Peter sold 16,153 shares, netting a total of over 1,698,973 in proceeds. Following the sale of shares at $105.18 each, the insider now holds 4,397 shares.
Before that, Peter Cherecwich had added 16,153 shares to its account. In a trade valued at $1,721,425, 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 2.81%. Over the course of the year, Northern Trust Corp shares have jumped approximately 29.11%. Shares of the company reached a 52-week high of $109.54 on 11/18/24 and a 52-week low of $76.67 on 02/13/24. A 50-day SMA is recorded $97.33, while a 200-day SMA reached $87.71. Nevertheless, trading volume fell to 0.76 million shares from 0.76 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 108.05, which, if violated, would cause prices to drop to 107.15. In the upper region, resistance lies at 109.63. The next price resistance is at 110.31. RSI (Relative Strength Index) is 71.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.06, which suggests the price will increase in the coming days. Percent R is at 5.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
