NorthWestern Corporation (NYSE:NWE) has risen sharply, recording gains of 1.7% in the past 4 weeks. However, the stock has corrected -1.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 21.39% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $63.75 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $60.18 and the 200 Day Moving Average price is recorded at $58.40.
The stock has recorded a 20-day Moving Average of 0.32% and the 50-Day Moving Average is 4.6%.
NorthWestern Corporation (NYSE:NWE): stock turned positive on Friday. Though the stock opened at $61.09, the bulls momentum made the stock top out at $61.69 level for the day. The stock recorded a low of $60.46 and closed the trading day at $61.68, in the green by 0.73%. The total traded volume for the day was 659,421. The stock had closed at $61.23 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP & General Counsel) of Northwestern Corp, Heather H. Grahame had sold 3,300 shares worth of $199,815 in a transaction dated June 9, 2016. In this transaction, 3,300 shares were sold at $60.55 per share.
North-Western Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company operates its business under segments: Electric operations, Natural gas operations and All other, which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana, which includes generation, transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities, other utilities and power marketers serving the Montana electricity market. The Companys South Dakota electric utility business operates as a vertically integrated generation, transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana, which includes production, storage, transmission and distribution.