Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Inotiv Inc shares valued at $149,836 were purchased by Beattie John Gregory on Dec 14 ’23. At $3.12 per share, Beattie John Gregory acquired 47,966 shares. The insider’s holdings grew to 111,761 shares worth approximately $0.53 million following the completion of this transaction.
Also, Garrett Michael purchased 5,000 shares, netting a total of over 14,145 in proceeds. Following the buying of shares at $2.83 each, the insider now holds 16,467 shares.
As published in a research note from Jefferies on February 09, 2024, Inotiv Inc [NOTV] has been rated up from a Hold to a Buy and the price target has been revised to $11.50 from $3. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of January 19, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for NOTV. Earlier on January 11, 2023, Lake Street upgraded its rating. Their new recommendation was “a Buy” for NOTV stock which previously was a “a Hold”.
Analyzing NOTV Stock Performance
During the last five days, there has been a drop of approximately -28.68%. Over the course of the year, Inotiv Inc shares have jumped approximately 28.07%. Shares of the company reached a 52-week high of $11.42 on 03/26/24 and a 52-week low of $3.18 on 02/02/24. A 50-day SMA is recorded $7.43, while a 200-day SMA reached $4.53. Nevertheless, trading volume fell to 0.64 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Inotiv Inc (NOTV)
According to the 24-hour chart, there is a support level at 4.47, which, if violated, would cause prices to drop to 4.24. In the upper region, resistance lies at 5.14. The next price resistance is at 5.58. RSI (Relative Strength Index) is 27.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.82, which suggests the price will decrease in the coming days. Percent R is at 99.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
