Northwest Bancshares Inc’s recent filing unveils that its Director Hunter Timothy M acquired Company’s shares for reported $0.13 million on Jan 31 ’25. In the deal valued at $13.13 per share,10,000 shares were bought. As a result of this transaction, Hunter Timothy M now holds 171,474 shares worth roughly $2.19 million.
Then, Fannin Timothy B sold 3,500 shares, generating $45,588 in total proceeds. Upon selling the shares at $13.03, the Director now owns 23,264 shares.
Before that, HARVEY WILLIAM W sold 13,614 shares. Northwest Bancshares Inc shares valued at $192,999 were divested by the SEVP, Chief Operating Officer at a price of $14.18 per share. As a result of the transaction, HARVEY WILLIAM W now holds 208,302 shares, worth roughly $2.66 million.
Janney initiated its Northwest Bancshares Inc [NWBI] rating to a Neutral in a research note published on September 29, 2022; the price target was $15. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “a Neutral” to “an Underweight”. B. Riley Securities revised its rating on July 27, 2021. It rated NWBI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NWBI
On Monday, Northwest Bancshares Inc [NASDAQ:NWBI] saw its stock fall -3.41% to $12.76. Over the last five days, the stock has lost -3.63%. Northwest Bancshares Inc shares have fallen nearly -3.26% since the year began. Nevertheless, the stocks have risen 3.15% over the past one year. While a 52-week high of $15.42 was reached on 01/27/25, a 52-week low of $10.45 was recorded on 01/10/25. SMA at 50 days reached $13.68, while 200 days put it at $12.80.
Levels Of Support And Resistance For NWBI Stock
The 24-hour chart illustrates a support level at 12.60, which if violated will result in even more drops to 12.44. On the upside, there is a resistance level at 12.93. A further resistance level may holdings at 13.09. The Relative Strength Index (RSI) on the 14-day chart is 38.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.94%. Stochastics %K at 45.47% indicates the stock is a holding.
How much short interest is there in Northwest Bancshares Inc?
A steep rise in short interest was recorded in Northwest Bancshares Inc stocks on 2024-12-31, growing by 0.22 million shares to a total of 2.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.45 million shares. There was a rise of 8.13%, which implies that there is a positive sentiment for the stock.
