Northrop Grumman Corporation (NOC) Shares are Down -1.43%

Northrop Grumman Corporation (NOC) has risen sharply, recording gains of 0.33% in the past 4 weeks. However, the stock has corrected -1.43% 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 0.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.36% and the 50-Day Moving Average is 0.45%.The 200 Day SMA reached 5.32%

Northrop

Northrop Grumman Corporation (NYSE:NOC): After opening at $214.22, the stock dipped to an intraday low of $210.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $215.13 and the buying power remained strong till the end. The stock closed at $213.95 for the day, a gain of 0.16% for the day session. The total traded volume was 1,021,721. The stocks close on the previous trading day was $213.95.

Northrop Grumman Corporation (NOC) stock is expected to deviate a maximum of $13.75 from the average target price of $233.38 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $250 and the most muted being $208.

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.

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