NextNav Inc’s recent filing unveils that its Director SUBIN NEIL S acquired Company’s shares for reported $0.24 million on Mar 20 ’24. In the deal valued at $4.72 per share,50,000 shares were bought. As a result of this transaction, SUBIN NEIL S now holds 2,115,213 shares worth roughly $14.91 million.
Then, SUBIN NEIL S bought 50,000 shares, generating $238,000 in total proceeds. Upon buying the shares at $4.76, the Director now owns 2,065,213 shares.
Before that, Lantz Robert sold 2,032 shares. NextNav Inc shares valued at $9,652 were divested by the General Counsel at a price of $4.75 per share. As a result of the transaction, Lantz Robert now holds 88,401 shares, worth roughly $0.62 million.
Oppenheimer downgraded its NextNav Inc [NN] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including R. F. Lafferty’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating.
Price Performance Review of NN
On Monday, NextNav Inc [NASDAQ:NN] saw its stock fall -4.79% to $7.05. Over the last five days, the stock has lost -10.24%. NextNav Inc shares have risen nearly 58.54% since the year began. Nevertheless, the stocks have risen 244.15% over the past one year. While a 52-week high of $7.95 was reached on 04/08/24, a 52-week low of $1.91 was recorded on 03/07/24. SMA at 50 days reached $5.22, while 200 days put it at $4.49. A total of 0.57 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For NN Stock
The 24-hour chart illustrates a support level at 6.73, which if violated will result in even more drops to 6.40. On the upside, there is a resistance level at 7.46. A further resistance level may holdings at 7.86. The Relative Strength Index (RSI) on the 14-day chart is 60.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.31%. Stochastics %K at 63.31% indicates the stock is a holding.
