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 $5,701 were sold by Ladwa Akshay on Apr 12 ’24. At $1.19 per share, Ladwa Akshay sold 4,791 shares. The insider’s holdings dropped to 1,007,423 shares worth approximately $1.08 million following the completion of this transaction.
Also, McMorrow Josh sold 20,468 shares, netting a total of over 33,445 in proceeds. Following the sale of shares at $1.63 each, the insider now holds 595,188 shares.
Before that, ALEXANDER LAURENCE had sold 20,385 shares from its account. In a trade valued at $33,329, the Chief Marketing Officer traded Energy Vault Holdings Inc shares for $1.64 each. Upon closing the transaction, the insider’s holdings decreased to 20,385 shares, worth approximately $0.96 million.
As published in a research note from Chardan Capital Markets on April 08, 2024, Energy Vault Holdings Inc [NRGV] has been rated down from a Buy to a Sell. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid March. As of January 16, 2024, ROTH MKM has initiated its “Buy” rating for NRGV. Earlier on March 06, 2023, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for NRGV stock which previously was a “a Buy”.
Analyzing NRGV Stock Performance
During the last five days, there has been a drop of approximately -15.08%. Over the course of the year, Energy Vault Holdings Inc shares have dropped approximately -54.08%. Shares of the company reached a 52-week high of $2.3800 on 01/02/24 and a 52-week low of $1.0500 on 04/18/24. A 50-day SMA is recorded $1.6594, while a 200-day SMA reached $2.2910. Nevertheless, trading volume fell to 1.01 million shares from 1.87 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 1.0350, which, if violated, would cause prices to drop to 1.0000. In the upper region, resistance lies at 1.1200. The next price resistance is at 1.1700. RSI (Relative Strength Index) is 28.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3276, which suggests the price will decrease in the coming days. Percent R is at 97.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
