Nerdy Inc’s filing revealed that its Chief Financial Officer Pello Jason H. unloaded Company’s shares for reported $89337.0 on Mar 25 ’24. In the deal valued at $3.06 per share,29,195 shares were sold. As a result of this transaction, Pello Jason H. now holds 1,476,049 shares worth roughly $4.22 million.
Then, Swenson Christopher C. sold 25,000 shares, generating $74,000 in total proceeds. Upon selling the shares at $2.96, the Chief Legal Officer now owns 1,233,248 shares.
Before that, Cohn Charles K. bought 75,000 shares. Nerdy Inc shares valued at $224,250 were divested by the Chief Executive Officer at a price of $2.99 per share. As a result of the transaction, Cohn Charles K. now holds 260,704 shares, worth roughly $0.75 million.
Goldman revised its rating on May 17, 2022. It rated NRDY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NRDY
On Friday, Nerdy Inc [NYSE:NRDY] saw its stock jump 0.70% to $2.86. Over the last five days, the stock has lost -1.72%. Nerdy Inc shares have fallen nearly -16.62% since the year began. Nevertheless, the stocks have fallen -29.90% over the past one year. While a 52-week high of $5.37 was reached on 02/12/24, a 52-week low of $2.31 was recorded on 02/28/24. SMA at 50 days reached $3.03, while 200 days put it at $3.51. A total of 0.66 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For NRDY Stock
The 24-hour chart illustrates a support level at 2.80, which if violated will result in even more drops to 2.73. On the upside, there is a resistance level at 2.94. A further resistance level may holdings at 3.01. The Relative Strength Index (RSI) on the 14-day chart is 45.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.50%. Stochastics %K at 11.52% indicates the stock is a buying.
How much short interest is there in Nerdy Inc?
A steep rise in short interest was recorded in Nerdy Inc stocks on Mar 15, 2024, growing by 0.62 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.08 million shares. There was a rise of 16.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.97% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.18.
The most recent change occurred on March 30, 2022 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $7 price target.
