Northern Oil and Gas Inc’s recently made public that its CFO Allen Chad W unloaded Company’s shares for reported $20165.0 on Jan 10 ’25. In the deal valued at $40.33 per share,500 shares were sold. As a result of this transaction, Allen Chad W now holds 75,814 shares worth roughly $3.12 million.
Then, Dirlam Adam A. sold 836 shares, generating $32,604 in total proceeds. Upon selling the shares at $39.00, the President now owns 96,223 shares.
Before that, Dirlam Adam A. sold 122 shares. Northern Oil and Gas Inc shares valued at $4,758 were divested by the President at a price of $39.00 per share. As a result of the transaction, Dirlam Adam A. now holds 16,059 shares, worth roughly $0.66 million.
Mizuho downgraded its Northern Oil and Gas Inc [NOG] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Sector perform”. Mizuho started covering the stock on September 19, 2024. It rated NOG as “an Outperform”.
Price Performance Review of NOG
On Tuesday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock jump 0.93% to $41.17. Over the last five days, the stock has gained 6.94%. Northern Oil and Gas Inc shares have risen nearly 10.79% since the year began. Nevertheless, the stocks have risen 15.55% over the past one year. While a 52-week high of $44.31 was reached on 01/14/25, a 52-week low of $31.13 was recorded on 01/02/25. SMA at 50 days reached $39.76, while 200 days put it at $39.16.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 40.71, which if violated will result in even more drops to 40.25. On the upside, there is a resistance level at 41.49. A further resistance level may holdings at 41.81. The Relative Strength Index (RSI) on the 14-day chart is 65.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.88%. Stochastics %K at 92.33% indicates the stock is a selling.
How much short interest is there in Northern Oil and Gas Inc?
A steep rise in short interest was recorded in Northern Oil and Gas Inc stocks on 2024-12-31, growing by 0.84 million shares to a total of 15.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.5 million shares. There was a rise of 5.47%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 05, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $40 price target.
