Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Northern Oil and Gas Inc shares valued at $43,650 were sold by Allen Chad W on Dec 02 ’24. At $43.65 per share, Allen Chad W sold 1,000 shares. The insider’s holdings dropped to 81,792 shares worth approximately $3.41 million following the completion of this transaction.
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Also, Dirlam Adam A. sold 1,672 shares, netting a total of over 72,983 in proceeds. Following the sale of shares at $43.65 each, the insider now holds 104,532 shares.
Before that, Dirlam Adam A. had sold 244 shares from its account. In a trade valued at $10,651, the President traded Northern Oil and Gas Inc shares for $43.65 each. Upon closing the transaction, the insider’s holdings decreased to 244 shares, worth approximately $0.68 million.
As published in a research note from RBC Capital Mkts on November 20, 2024, Northern Oil and Gas Inc [NOG] has been rated down from an Outperform to a Sector perform and the price target has been revised to $45 from $43. As of September 19, 2024, Mizuho has initiated its “an Outperform” rating for NOG. Earlier on January 05, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for NOG stock.
Analyzing NOG Stock Performance
During the last five days, there has been a drop of approximately -3.25%. Over the course of the year, Northern Oil and Gas Inc shares have jumped approximately 12.57%. Shares of the company reached a 52-week high of $44.31 on 11/27/24 and a 52-week low of $31.13 on 02/05/24. A 50-day SMA is recorded $39.20, while a 200-day SMA reached $38.93. Nevertheless, trading volume fell to 1.2 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Northern Oil and Gas Inc (NOG)
According to the 24-hour chart, there is a support level at 40.98, which, if violated, would cause prices to drop to 40.22. In the upper region, resistance lies at 43.02. The next price resistance is at 44.30. RSI (Relative Strength Index) is 54.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 63.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
