NVIDIA Corp’s filing revealed that its Director STEVENS MARK A unloaded Company’s shares for reported $19.98 million on Apr 05 ’24. In the deal valued at $879.97 per share,22,700 shares were sold. As a result of this transaction, STEVENS MARK A now holds 1,052,133 shares worth roughly $836.64 million.
Then, PERRY MARK L sold 7,000 shares, generating $6,215,259 in total proceeds. Upon selling the shares at $887.89, the Director now owns 116,000 shares.
Before that, STEVENS MARK A sold 11,000 shares. NVIDIA Corp shares valued at $9,962,150 were divested by the Director at a price of $905.65 per share. As a result of the transaction, STEVENS MARK A now holds 1,074,833 shares, worth roughly $854.69 million.
Evercore ISI initiated its NVIDIA Corp [NVDA] rating to an Outperform in a research note published on April 16, 2024; the price target was $1160. A number of analysts have revised their coverage, including Raymond James’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Strong buy”‘ rating for it. Morgan Stanley also remained covering NVDA and reiterated its “an Overweight” recommendation on April 10, 2024. KeyBanc Capital Markets maintained its rating on April 08, 2024. It rated NVDA as “an Overweight”.
Price Performance Review of NVDA
On Monday, NVIDIA Corp [NASDAQ:NVDA] saw its stock jump 4.35% to $795.18. Over the last five days, the stock has lost -7.54%. NVIDIA Corp shares have risen nearly 60.57% since the year began. Nevertheless, the stocks have risen 193.38% over the past one year. While a 52-week high of $974.00 was reached on 03/08/24, a 52-week low of $262.25 was recorded on 01/03/24. SMA at 50 days reached $842.45, while 200 days put it at $570.77. A total of 59.36 million shares were traded, compared to the trading of 87.52 million shares in the previous session.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 772.54, which if violated will result in even more drops to 749.91. On the upside, there is a resistance level at 809.27. A further resistance level may holdings at 823.37. The Relative Strength Index (RSI) on the 14-day chart is 40.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -55.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.15%. Stochastics %K at 17.62% indicates the stock is a buying.
The most recent change occurred on March 22, 2024 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $1100.
