Northrop Grumman Corporation (NOC) has risen sharply, recording gains of 3.33% in the past 4 weeks. However, the stock has corrected -0.23% in the past 1 week, providing a good buying opportunity on dips. Northrop Grumman Corporation (NOC) : During the past 4 weeks, traders have been relatively bearish on Northrop Grumman Corporation (NOC), hence the stock is down -1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.7% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.45% and the 50-Day Moving Average is 2.63%.
Northrop Grumman Corporation (NYSE:NOC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $222.00 and $220.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $222.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $221.46, notching a gain of 0.15% for the day. The total traded volume was 1,745,736 . The stock had closed at $221.13 on the previous day.
The company Insiders own 0.9% of Northrop Grumman Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.09% . Institutional Investors own 87.6% of Northrop Grumman Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.97%. In a related news, Jones Christopher T, officer (Corp VP & Pres Tech Svcs) of Northrop Grumman Corp /De/, unloaded 240 shares at an average price of $222.5 on July 1, 2016. The total amount of the transaction was worth $53,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.