Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. New York Times Co shares valued at $986,773 were sold by KOPIT LEVIEN MEREDITH A. on Aug 12 ’24. At $53.92 per share, KOPIT LEVIEN MEREDITH A. sold 18,300 shares. The insider’s holdings dropped to 101,772 shares worth approximately $5.4 million following the completion of this transaction.
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Also, Bardeen William sold 2,000 shares, netting a total of over 109,114 in proceeds. Following the sale of shares at $54.56 each, the insider now holds 10,315 shares.
Before that, KOPIT LEVIEN MEREDITH A. had added 18,300 shares to its account. In a trade valued at $986,779, the Officer bought New York Times Co shares for $53.92 each.
As published in their initiating research note from Deutsche Bank on October 09, 2024, New York Times Co [NYT] has been a Buy and the price target has been revised to $65. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of March 04, 2024, Argus has increased its “Hold” rating to a “Buy” for NYT. Earlier on February 09, 2023, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for NYT stock which previously was a “an Underweight”.
Analyzing NYT Stock Performance
During the last five days, there has been a drop of approximately -3.75%. Over the course of the year, New York Times Co shares have jumped approximately 8.39%. Shares of the company reached a 52-week high of $58.16 on 12/09/24 and a 52-week low of $41.55 on 04/18/24. A 50-day SMA is recorded $54.80, while a 200-day SMA reached $51.08. Nevertheless, trading volume fell to 1.41 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for New York Times Co (NYT)
According to the 24-hour chart, there is a support level at 52.25, which, if violated, would cause prices to drop to 51.41. In the upper region, resistance lies at 54.67. The next price resistance is at 56.25. RSI (Relative Strength Index) is 40.78 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 97.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
