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. Northrop Grumman Corp shares valued at $616,067 were sold by Davies Benjamin R. on Nov 11 ’24. At $532.93 per share, Davies Benjamin R. sold 1,156 shares. The insider’s holdings dropped to 537 shares worth approximately $0.27 million following the completion of this transaction.
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Also, Davies Benjamin R. purchased 1,156 shares, netting a total of over 616,067 in proceeds.
Before that, WELSH MARK A III had sold 33 shares from its account. In a trade valued at $16,833, the Director traded Northrop Grumman Corp shares for $510.10 each. Upon closing the transaction, the insider’s holdings decreased to 33 shares, worth approximately $2.08 million.
As published in a research note from Alembic Global Advisors on August 27, 2024, Northrop Grumman Corp [NOC] has been rated down from an Overweight to a Neutral and the price target has been revised to $560. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for NOC. Earlier on June 21, 2024, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for NOC stock which previously was a “an Outperform”.
Analyzing NOC Stock Performance
During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Northrop Grumman Corp shares have jumped approximately 6.04%. Shares of the company reached a 52-week high of $555.57 on 10/01/24 and a 52-week low of $418.60 on 06/14/24. A 50-day SMA is recorded $521.04, while a 200-day SMA reached $479.81. Nevertheless, trading volume fell to 0.61 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp (NOC)
According to the 24-hour chart, there is a support level at 491.42, which, if violated, would cause prices to drop to 486.43. In the upper region, resistance lies at 499.15. The next price resistance is at 501.89. RSI (Relative Strength Index) is 39.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.93, which suggests the price will decrease in the coming days. Percent R is at 82.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
