Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Northrop Grumman Corp shares valued at $15,072 were sold by WELSH MARK A III on Jan 06 ’25. At $456.74 per share, WELSH MARK A III sold 33 shares. The insider’s holdings dropped to 4,139 shares worth approximately $1.95 million following the completion of this transaction.
Also, WELSH MARK A III sold 33 shares, netting a total of over 15,886 in proceeds. Following the sale of shares at $481.39 each, the insider now holds 4,155 shares.
Before that, Mark Welsh had added 99 shares to its account. In a trade valued at $48,175, the Affiliate bought Northrop Grumman Corp shares for $486.62 each.
As published in their initiating research note from Truist on January 14, 2025, Northrop Grumman Corp [NOC] has been a Buy and the price target has been revised to $544. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of August 27, 2024, Alembic Global Advisors has decreased its “an Overweight” rating to a “Neutral” for NOC. Earlier on July 29, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for NOC stock which previously was a “a Hold”.
Analyzing NOC Stock Performance
During the last five days, there has been a surge of approximately 4.40%. Over the course of the year, Northrop Grumman Corp shares have jumped approximately 0.64%. Shares of the company reached a 52-week high of $477.70 on 01/15/25 and a 52-week low of $450.81 on 01/07/25. A 50-day SMA is recorded $485.46, while a 200-day SMA reached $482.42. Nevertheless, trading volume fell to 0.65 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Northrop Grumman Corp (NOC)
According to the 24-hour chart, there is a support level at 469.09, which, if violated, would cause prices to drop to 465.89. In the upper region, resistance lies at 476.60. The next price resistance is at 480.91. RSI (Relative Strength Index) is 49.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.61, which suggests the price will increase in the coming days. Percent R is at 20.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
