Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nerdy Inc shares valued at $89,337 were sold by Pello Jason H. on Mar 25 ’24. At $3.06 per share, Pello Jason H. sold 29,195 shares. The insider’s holdings dropped to 1,476,049 shares worth approximately $3.87 million following the completion of this transaction.
Also, Swenson Christopher C. sold 25,000 shares, netting a total of over 74,000 in proceeds. Following the sale of shares at $2.96 each, the insider now holds 1,233,248 shares.
Before that, Cohn Charles K. had added 75,000 shares to its account. In a trade valued at $224,250, the Chief Executive Officer bought Nerdy Inc shares for $2.99 each. Upon closing the transaction, the insider’s holdings increased to 75,000 shares, worth approximately $0.68 million.
Earlier on May 17, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for NRDY stock which previously was a “a Buy”.
Analyzing NRDY Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, Nerdy Inc shares have dropped approximately -23.62%. Shares of the company reached a 52-week high of $3.60 on 02/12/24 and a 52-week low of $2.31 on 02/28/24. A 50-day SMA is recorded $2.96, while a 200-day SMA reached $3.45. Nevertheless, trading volume fell to 0.7 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Nerdy Inc (NRDY)
According to the 24-hour chart, there is a support level at 2.57, which, if violated, would cause prices to drop to 2.52. In the upper region, resistance lies at 2.69. The next price resistance is at 2.75. RSI (Relative Strength Index) is 38.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 78.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
