In a filing, Northrop Grumman Corp revealed its Director WELSH MARK A III unloaded Company’s shares for reported $15072.0 on Jan 06 ’25. In the deal valued at $456.74 per share,33 shares were sold. As a result of this transaction, WELSH MARK A III now holds 4,139 shares worth roughly $2.01 million.
Then, WELSH MARK A III sold 33 shares, generating $15,886 in total proceeds. Upon selling the shares at $481.39, the Director now owns 4,155 shares.
Before that, Mark Welsh bought 99 shares. Northrop Grumman Corp shares valued at $48,175 were divested by the Affiliate at a price of $486.62 per share.
Citigroup upgraded its Northrop Grumman Corp [NOC] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Wells Fargo also remained covering NOC and has increased its forecast on January 08, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Alembic Global Advisors revised its rating on August 27, 2024. It rated NOC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NOC
On Tuesday, Northrop Grumman Corp [NYSE:NOC] saw its stock fall -3.30% to $486.64. Over the last five days, the stock has lost -3.53%. Northrop Grumman Corp shares have risen nearly 3.70% since the year began. Nevertheless, the stocks have risen 11.99% over the past one year. While a 52-week high of $555.57 was reached on 01/21/25, a 52-week low of $418.60 was recorded on 01/07/25. SMA at 50 days reached $481.30, while 200 days put it at $483.82.
Levels Of Support And Resistance For NOC Stock
The 24-hour chart illustrates a support level at 480.44, which if violated will result in even more drops to 474.25. On the upside, there is a resistance level at 497.87. A further resistance level may holdings at 509.11. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.99%. Stochastics %K at 78.83% indicates the stock is a holding.
How much short interest is there in Northrop Grumman Corp?
A steep rise in short interest was recorded in Northrop Grumman Corp stocks on 2025-01-15, dropping by 83855.0 shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.04 million shares. There was a decline of -4.28%, which implies that there is a negative sentiment for the stock.
