Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nerdy Inc shares valued at $75,900 were sold by Swenson Christopher C. on Apr 22 ’24. At $2.53 per share, Swenson Christopher C. sold 30,000 shares. The insider’s holdings dropped to 1,203,248 shares worth approximately $3.16 million following the completion of this transaction.
Also, Pello Jason H. sold 29,195 shares, netting a total of over 89,337 in proceeds. Following the sale of shares at $3.06 each, the insider now holds 1,476,049 shares.
Before that, Swenson Christopher C. had sold 25,000 shares from its account. In a trade valued at $74,000, the Chief Legal Officer traded Nerdy Inc shares for $2.96 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $3.24 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 surge of approximately 0.38%. Over the course of the year, Nerdy Inc shares have dropped approximately -23.32%. 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 $2.88, while a 200-day SMA reached $3.41. Nevertheless, trading volume fell to 0.82 million shares from 0.54 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 2.58, which, if violated, would cause prices to drop to 2.53. In the upper region, resistance lies at 2.67. The next price resistance is at 2.70. RSI (Relative Strength Index) is 42.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 67.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
