In a filing, Northrop Grumman Corp revealed its Director WELSH MARK A III unloaded Company’s shares for reported $15886.0 on Dec 05 ’24. In the deal valued at $481.39 per share,33 shares were sold. As a result of this transaction, WELSH MARK A III now holds 4,155 shares worth roughly $1.89 million.
Then, Mark Welsh bought 99 shares, generating $48,175 in total proceeds.
Before that, Davies Benjamin R. sold 1,156 shares. Northrop Grumman Corp shares valued at $616,067 were divested by the CVP & Pres. Defense Systems at a price of $532.93 per share. As a result of the transaction, Davies Benjamin R. now holds 537 shares, worth roughly $0.24 million.
Alembic Global Advisors downgraded its Northrop Grumman Corp [NOC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. BTIG Research began covering NOC with “Buy” recommendation on June 26, 2024. Bernstein revised its rating on June 21, 2024. It rated NOC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NOC
On Monday, Northrop Grumman Corp [NYSE:NOC] saw its stock fall -2.71% to $455.14. Over the last five days, the stock has lost -3.44%. Northrop Grumman Corp shares have fallen nearly -3.02% since the year began. Nevertheless, the stocks have fallen -3.52% over the past one year. While a 52-week high of $555.57 was reached on 01/02/25, a 52-week low of $418.60 was recorded on 01/06/25. SMA at 50 days reached $491.06, while 200 days put it at $482.61.
Levels Of Support And Resistance For NOC Stock
The 24-hour chart illustrates a support level at 450.66, which if violated will result in even more drops to 446.18. On the upside, there is a resistance level at 462.92. A further resistance level may holdings at 470.70. The Relative Strength Index (RSI) on the 14-day chart is 28.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.42%. Stochastics %K at 15.33% indicates the stock is a buying.
How much short interest is there in Northrop Grumman Corp?
A steep rise in short interest was recorded in Northrop Grumman Corp stocks on 2024-12-13, growing by 0.34 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.71 million shares. There was a rise of 16.42%, which implies that there is a positive sentiment for the stock.
