The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bank Of Nova Scotia shares valued at $892,500 were purchased by BANK OF NOVA SCOTIA on Feb 05 ’25. At $17.85 per share, BANK OF NOVA SCOTIA acquired 50,000 shares. The insider’s holdings grew to 162,983,726 shares worth approximately $8.15 billion following the completion of this transaction.
As published in a research note from BofA Securities on March 31, 2025, Bank Of Nova Scotia [BNS] has been rated down from a Buy to a Neutral. Analysts at CIBC downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of November 21, 2024, Barclays has increased its “an Underweight” rating to a “an Equal weight” for BNS. Earlier on November 19, 2024, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for BNS stock which previously was a “a Hold”.
Analyzing BNS Stock Performance
During the last five days, there has been a surge of approximately 3.12%. Over the course of the year, Bank Of Nova Scotia shares have dropped approximately -6.96%. Shares of the company reached a 52-week high of $54.25 on 01/06/25 and a 52-week low of $44.09 on 04/09/25. A 50-day SMA is recorded $48.19, while a 200-day SMA reached $50.76.
Support And Resistance Levels for Bank Of Nova Scotia (BNS)
According to the 24-hour chart, there is a support level at 49.33, which, if violated, would cause prices to drop to 48.68. In the upper region, resistance lies at 50.36. The next price resistance is at 50.74. RSI (Relative Strength Index) is 65.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 2.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
