NVIDIA Corp’s recent filing unveils that its Director PERRY MARK L unloaded Company’s shares for reported $6.22 million on Apr 02 ’24. In the deal valued at $887.89 per share,7,000 shares were sold. As a result of this transaction, PERRY MARK L now holds 116,000 shares worth roughly $101.07 million.
Then, STEVENS MARK A sold 11,000 shares, generating $9,962,150 in total proceeds. Upon selling the shares at $905.65, the Director now owns 1,074,833 shares.
Before that, Dabiri John sold 128 shares. NVIDIA Corp shares valued at $120,320 were divested by the Director at a price of $940.00 per share. As a result of the transaction, Dabiri John now holds 2,055 shares, worth roughly $1.79 million.
KeyBanc Capital Markets reiterated its NVIDIA Corp [NVDA] rating to an Overweight in a research note published on April 08, 2024; the price target was $1200. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering NVDA and reiterated its “an Outperform” recommendation on March 21, 2024. Mizuho maintained its rating on March 07, 2024. It rated NVDA as “a Buy”.
Price Performance Review of NVDA
On Monday, NVIDIA Corp [NASDAQ:NVDA] saw its stock fall -0.99% to $871.33. Over the last five days, the stock has lost -3.57%. NVIDIA Corp shares have risen nearly 75.95% since the year began. Nevertheless, the stocks have risen 224.14% over the past one year. While a 52-week high of $974.00 was reached on 03/08/24, a 52-week low of $262.20 was recorded on 01/03/24. SMA at 50 days reached $803.50, while 200 days put it at $549.26. A total of 28.21 million shares were traded, compared to the trading of 16.01 million shares in the previous session.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 863.00, which if violated will result in even more drops to 854.67. On the upside, there is a resistance level at 883.98. A further resistance level may holdings at 896.63. The Relative Strength Index (RSI) on the 14-day chart is 51.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.94%. Stochastics %K at 17.06% indicates the stock is a buying.
How much short interest is there in NVIDIA Corp?
A steep rise in short interest was recorded in NVIDIA Corp stocks on Mar 15, 2024, growing by 2.18 million shares to a total of 30.32 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 28.14 million shares. There was a rise of 7.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.49.
The most recent change occurred on February 22, 2024 when Wolfe Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $900.
