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A company insider recently bought 2,185 shares of Envista Holdings Corp [NVST]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Envista Holdings Corp shares valued at $50,015 were purchased by Conley Eric on Nov 16 ’23. At $22.89 per share, Conley Eric acquired 2,185 shares. The insider’s holdings grew to 47,376 shares worth approximately $0.94 million following the completion of this transaction.

Also, Nance Mark E purchased 5,000 shares, netting a total of over 108,750 in proceeds. Following the buying of shares at $21.75 each, the insider now holds 39,042 shares.

Before that, Aghdaei Amir had added 10,000 shares to its account. In a trade valued at $215,253, the Chief Executive Officer bought Envista Holdings Corp shares for $21.53 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $5.83 million.

As published in a research note from Morgan Stanley on April 26, 2024, Envista Holdings Corp [NVST] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $21 from $33. Analysts at Leerink Partners started covering the stock with ‘”an Underperform”‘ outlook in a report released in late February. As of February 09, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for NVST. Earlier on February 08, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for NVST stock which previously was a “an Outperform”.

Analyzing NVST Stock Performance

During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Envista Holdings Corp shares have dropped approximately -17.91%. Shares of the company reached a 52-week high of $25.64 on 01/10/24 and a 52-week low of $18.95 on 04/15/24. A 50-day SMA is recorded $20.82, while a 200-day SMA reached $25.24. Nevertheless, trading volume fell to 2.51 million shares from 2.78 million shares the previous day.

Support And Resistance Levels for Envista Holdings Corp (NVST)

According to the 24-hour chart, there is a support level at 19.48, which, if violated, would cause prices to drop to 19.20. In the upper region, resistance lies at 20.14. The next price resistance is at 20.52. RSI (Relative Strength Index) is 42.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 58.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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