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. NXP Semiconductors NV shares valued at $1,183,674 were sold by Jensen Christopher L on Feb 29 ’24. At $248.41 per share, Jensen Christopher L sold 4,765 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, SUMME GREGORY L sold 4,695 shares, netting a total of over 1,151,520 in proceeds. Following the sale of shares at $245.27 each, the insider now holds 7,097 shares.
Before that, Wuamett Jennifer had sold 4,000 shares from its account. In a trade valued at $979,102, the EVP & General Counsel traded NXP Semiconductors NV shares for $244.78 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $7.94 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, NXP Semiconductors NV [NXPI] has been an Outperform and the price target has been revised to $300. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid March. As of February 07, 2024, TD Cowen has reiterated its “an Outperform” rating for NXPI. Earlier on January 23, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for NXPI stock.
Analyzing NXPI Stock Performance
During the last five days, there has been a surge of approximately 3.58%. Over the course of the year, NXP Semiconductors NV shares have jumped approximately 2.33%. Shares of the company reached a 52-week high of $264.26 on 03/07/24 and a 52-week low of $201.58 on 01/17/24. A 50-day SMA is recorded $240.64, while a 200-day SMA reached $215.04. Nevertheless, trading volume fell to 3.78 million shares from 3.02 million shares the previous day.
Support And Resistance Levels for NXP Semiconductors NV (NXPI)
According to the 24-hour chart, there is a support level at 232.34, which, if violated, would cause prices to drop to 229.65. In the upper region, resistance lies at 237.71. The next price resistance is at 240.39. RSI (Relative Strength Index) is 50.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.30, which suggests the price will decrease in the coming days. Percent R is at 43.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
