Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nordson Corp shares valued at $82,658 were sold by Lovass Stephen on Dec 02 ’24. At $260.75 per share, Lovass Stephen sold 317 shares. The insider’s holdings dropped to 6,666 shares worth approximately $1.42 million following the completion of this transaction.
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Also, MCDONOUGH JENNIFER L sold 261 shares, netting a total of over 68,056 in proceeds. Following the sale of shares at $260.75 each, the insider now holds 2,635 shares.
Before that, Lovass Stephen had added 317 shares to its account. In a trade valued at $82,658, the Officer bought Nordson Corp shares for $260.75 each.
As published in a research note from Seaport Research Partners on December 17, 2024, Nordson Corp [NDSN] has been rated up from a Neutral to a Buy and the price target has been revised to $250. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of February 26, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NDSN. Earlier on October 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for NDSN stock.
Analyzing NDSN Stock Performance
During the last five days, there has been a drop of approximately -14.73%. Over the course of the year, Nordson Corp shares have dropped approximately -19.45%. Shares of the company reached a 52-week high of $279.38 on 05/10/24 and a 52-week low of $212.33 on 12/18/24. A 50-day SMA is recorded $251.95, while a 200-day SMA reached $250.95. Nevertheless, trading volume fell to 0.53 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Nordson Corp (NDSN)
According to the 24-hour chart, there is a support level at 207.92, which, if violated, would cause prices to drop to 203.06. In the upper region, resistance lies at 222.06. The next price resistance is at 231.34. RSI (Relative Strength Index) is 16.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -23.89, which suggests the price will decrease in the coming days. Percent R is at 99.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
