In a filing, Nordson Corp revealed its Executive Vice President Lovass Stephen unloaded Company’s shares for reported $82658.0 on Dec 02 ’24. In the deal valued at $260.75 per share,317 shares were sold. As a result of this transaction, Lovass Stephen now holds 6,666 shares worth roughly $1.51 million.
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Then, MCDONOUGH JENNIFER L sold 261 shares, generating $68,056 in total proceeds. Upon selling the shares at $260.75, the EVP, GC, and Secretary now owns 2,635 shares.
Before that, Lovass Stephen bought 317 shares. Nordson Corp shares valued at $82,658 were divested by the Officer at a price of $260.75 per share.
Robert W. Baird downgraded its Nordson Corp [NDSN] rating to a Neutral from a an Outperform in a research note published on December 13, 2024; the price target was decreased to $237 from $294. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Sector weight”. Exane BNP Paribas began covering NDSN with “an Outperform” recommendation on October 05, 2023. Jefferies revised its rating on September 26, 2023. It rated NDSN as “a Hold” which previously was an “a Buy”.
Price Performance Review of NDSN
On Friday, Nordson Corp [NASDAQ:NDSN] saw its stock fall -1.16% to $226.46. Over the last five days, the stock has lost -10.98%. Nordson Corp shares have fallen nearly -14.27% since the year began. Nevertheless, the stocks have fallen -5.92% over the past one year. While a 52-week high of $279.38 was reached on 05/10/24, a 52-week low of $222.18 was recorded on 06/11/24. SMA at 50 days reached $253.83, while 200 days put it at $251.61.
Levels Of Support And Resistance For NDSN Stock
The 24-hour chart illustrates a support level at 223.67, which if violated will result in even more drops to 220.89. On the upside, there is a resistance level at 229.40. A further resistance level may holdings at 232.35. The Relative Strength Index (RSI) on the 14-day chart is 21.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.89%. Stochastics %K at 7.05% indicates the stock is a buying.
How much short interest is there in Nordson Corp?
A steep rise in short interest was recorded in Nordson Corp stocks on 2024-11-29, dropping by 95654.0 shares to a total of 0.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.96 million shares. There was a decline of -11.11%, which implies that there is a negative sentiment for the stock.