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. Energy Vault Holdings Inc shares valued at $33,445 were sold by McMorrow Josh on Mar 19 ’24. At $1.63 per share, McMorrow Josh sold 20,468 shares. The insider’s holdings dropped to 595,188 shares worth approximately $1.05 million following the completion of this transaction.
Also, ALEXANDER LAURENCE sold 20,385 shares, netting a total of over 33,329 in proceeds. Following the sale of shares at $1.64 each, the insider now holds 897,123 shares.
Before that, Wiese Christopher had sold 10,956 shares from its account. In a trade valued at $17,902, the Chief Operating Officer traded Energy Vault Holdings Inc shares for $1.63 each. Upon closing the transaction, the insider’s holdings decreased to 10,956 shares, worth approximately $1.29 million.
As published in a research note from TD Cowen on March 13, 2024, Energy Vault Holdings Inc [NRGV] has been retained to an Outperform and the price target has been revised to $5. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of March 06, 2023, Guggenheim has decreased its “Buy” rating to a “Neutral” for NRGV. Earlier on June 29, 2022, Chardan Capital Markets initiated its rating. Their recommendation was “a Buy” for NRGV stock.
Analyzing NRGV Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, Energy Vault Holdings Inc shares have dropped approximately -24.46%. Shares of the company reached a 52-week high of $2.3800 on 01/02/24 and a 52-week low of $1.3450 on 02/06/24. A 50-day SMA is recorded $1.7080, while a 200-day SMA reached $2.3510. Nevertheless, trading volume fell to 0.79 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for Energy Vault Holdings Inc (NRGV)
According to the 24-hour chart, there is a support level at 1.7133, which, if violated, would cause prices to drop to 1.6667. In the upper region, resistance lies at 1.8233. The next price resistance is at 1.8867. RSI (Relative Strength Index) is 49.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0443, which suggests the price will decrease in the coming days. Percent R is at 53.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Energy Vault Holdings Inc subject to short interest?
Stocks of Energy Vault Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.45 million shares to 11.62 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.07 million shares. A decline of -3.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 15.64 of the overall float, the days-to-cover ratio (short ratio) decline to 15.64.
