NiSource Inc’s filing revealed that its EVP & CFO Anderson Shawn unloaded Company’s shares for reported $0.22 million on Aug 21 ’24. In the deal valued at $32.24 per share,6,730 shares were sold. As a result of this transaction, Anderson Shawn now holds 165,281 shares worth roughly $6.27 million.
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Then, Jefferson William Jr. sold 4,364 shares, generating $139,953 in total proceeds. Upon selling the shares at $32.07, the EVP, Chief Op & Safety Officer now owns 33,129 shares.
Before that, Anderson Shawn bought 6,730 shares. NiSource Inc shares valued at $216,976 were divested by the Officer at a price of $32.24 per share.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Barclays began covering NI with “an Overweight” recommendation on January 22, 2024. Ladenburg Thalmann started covering the stock on October 06, 2023. It rated NI as “a Buy”.
Price Performance Review of NI
On Monday, NiSource Inc [NYSE:NI] saw its stock jump 0.64% to $37.95. Over the last five days, the stock has gained 3.10%. NiSource Inc shares have risen nearly 42.94% since the year began. Nevertheless, the stocks have risen 45.40% over the past one year. While a 52-week high of $38.07 was reached on 11/25/24, a 52-week low of $24.80 was recorded on 02/13/24. SMA at 50 days reached $35.12, while 200 days put it at $30.53.
Levels Of Support And Resistance For NI Stock
The 24-hour chart illustrates a support level at 37.69, which if violated will result in even more drops to 37.44. On the upside, there is a resistance level at 38.21. A further resistance level may holdings at 38.48. The Relative Strength Index (RSI) on the 14-day chart is 73.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.94%. Stochastics %K at 93.22% indicates the stock is a selling.
How much short interest is there in NiSource Inc?
A steep rise in short interest was recorded in NiSource Inc stocks on 2024-10-31, dropping by -0.62 million shares to a total of 6.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.18 million shares. There was a decline of -9.53%, which implies that there is a negative sentiment for the stock.
