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Investing in Nxu Inc (NXU) Is Getting More Attractive

In a filing, Nxu Inc revealed its Interim CFO Wyant Sarah unloaded Company’s shares for reported $4772.0 on Dec 31 ’23. In the deal valued at $2.19 per share,2,179 shares were sold. As a result of this transaction, Wyant Sarah now holds 108,948 shares worth roughly $49026.6.

Then, GEM Global Yield LLC SCS sold 2,357,502 shares, generating $791,649 in total proceeds. Upon selling the shares at $0.34, the 10% Owner now owns 17,999,785 shares.

Before that, GEM Global Yield LLC SCS sold 2,251,368 shares. Nxu Inc shares valued at $72,719 were divested by the 10% Owner at a price of $0.03 per share. As a result of the transaction, GEM Global Yield LLC SCS now holds 20,357,287 shares, worth roughly $9.16 million.

Price Performance Review of NXU

On Tuesday, Nxu Inc [NASDAQ:NXU] saw its stock fall -8.26% to $0.45. Over the last five days, the stock has lost -14.98%. Nxu Inc shares have fallen nearly -80.65% since the year began. Nevertheless, the stocks have fallen -99.44% over the past one year. While a 52-week high of $129.00 was reached on 01/02/24, a 52-week low of $0.34 was recorded on 04/22/24. SMA at 50 days reached $0.6340, while 200 days put it at $12.6461. A total of 0.25 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For NXU Stock

The 24-hour chart illustrates a support level at 0.4382, which if violated will result in even more drops to 0.4313. On the upside, there is a resistance level at 0.4558. A further resistance level may holdings at 0.4665. The Relative Strength Index (RSI) on the 14-day chart is 39.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0308, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.34%. Stochastics %K at 55.51% indicates the stock is a holding.

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