Nuvation Bio Inc [NUVB] stock for 72,138 USD was bought by NODELMAN OLEG

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. Nuvation Bio Inc shares valued at $72,138 were purchased by NODELMAN OLEG on Feb 21. At $1.36 per share, NODELMAN OLEG acquired 53,000 shares. The insider’s holdings grew to 12,674,775 shares worth approximately $22.69 million following the completion of this transaction.

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Also, NODELMAN OLEG purchased 117,100 shares, netting a total of over 159,490 in proceeds. Following the buying of shares at $1.36 each, the insider now holds 12,621,775 shares.

Before that, NODELMAN OLEG had added 5,143,000 shares to its account. In a trade valued at $6,460,637, the Director bought Nuvation Bio Inc shares for $1.26 each. Upon closing the transaction, the insider’s holdings increased to 5,143,000 shares, worth approximately $22.38 million.

As published in a research note from Jefferies on January 06, 2023, Nuvation Bio Inc [NUVB] has been rated down from a Buy to a Hold and the price target has been revised to $2 from $5.

Analyzing NUVB Stock Performance

During the last five days, there has been a surge of approximately 5.29%. Over the course of the year, Nuvation Bio Inc shares have jumped approximately 18.54%. Shares of the company reached a 52-week high of $1.8000 on 02/15/24 and a 52-week low of $1.4300 on 01/18/24. A 50-day SMA is recorded $1.5406, while a 200-day SMA reached $1.5417. Nevertheless, trading volume fell to 0.65 million shares from 0.55 million shares the previous day.

Support And Resistance Levels for Nuvation Bio Inc (NUVB)

According to the 24-hour chart, there is a support level at 1.7400, which, if violated, would cause prices to drop to 1.6900. In the upper region, resistance lies at 1.8200. The next price resistance is at 1.8500. RSI (Relative Strength Index) is 63.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0505, which suggests the price will decrease in the coming days. Percent R is at 3.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Nuvation Bio Inc subject to short interest?

Stocks of Nuvation Bio Inc saw a sharp rise in short interest on Jan 31, 2024 jumping by 0.72 million shares to 3.09 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 2.37 million shares. A jump of 23.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.57 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.57.

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