Check Out What Whales Are Doing With NOC
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Northrop Grumman (NYSE:NOC), with 61% of recent trades being bearish and 38% bullish. The targeted price range for the company over the last three months has been $440.0 to $490.0. The current price of NOC is down -0.94% at $473.29. UBS and Deutsche Bank have both downgraded their actions to Buy with price targets of $555 and $502 respectively.
October 27, 2023 | 7:02 pm
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Northrop Grumman has seen a bearish stance from a significant investor, with a targeted price range of $440.0 to $490.0. The company's stock is currently down -0.94% at $473.29. Both UBS and Deutsche Bank have downgraded their actions to Buy.
The bearish stance from a significant investor, along with the downgrades from UBS and Deutsche Bank, suggest a potential negative short-term impact on Northrop Grumman's stock. The current price is also within the targeted range, indicating that the investor's bearish expectations may be accurate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100