Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nordson Corp shares valued at $268,620 were sold by Lovass Stephen on Jan 07 ’25. At $206.79 per share, Lovass Stephen sold 1,299 shares. The insider’s holdings dropped to 7,347 shares worth approximately $1.55 million following the completion of this transaction.
Also, Lovass Stephen purchased 1,299 shares, netting a total of over 268,620 in proceeds.
Before that, Lovass Stephen had sold 317 shares from its account. In a trade valued at $82,658, the Executive Vice President traded Nordson Corp shares for $260.75 each. Upon closing the transaction, the insider’s holdings decreased to 317 shares, worth approximately $1.41 million.
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 surge of approximately 2.95%. Over the course of the year, Nordson Corp shares have jumped approximately 1.07%. Shares of the company reached a 52-week high of $213.57 on 01/15/25 and a 52-week low of $196.83 on 01/10/25. A 50-day SMA is recorded $236.64, while a 200-day SMA reached $245.96. Nevertheless, trading volume fell to 0.68 million shares from 0.33 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 209.10, which, if violated, would cause prices to drop to 206.71. In the upper region, resistance lies at 213.72. The next price resistance is at 215.95. RSI (Relative Strength Index) is 41.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 18.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
