Novanta Inc’s recent filing unveils that its Chief Executive Officer Glastra Matthijs unloaded Company’s shares for reported $0.86 million on Apr 01 ’24. In the deal valued at $172.00 per share,5,000 shares were sold. As a result of this transaction, Glastra Matthijs now holds 24,572 shares worth roughly $3.98 million.
Then, Young Brian S sold 6,119 shares, generating $1,070,825 in total proceeds. Upon selling the shares at $175.00, the Chief Human Resources Officer now owns 33,114 shares.
Before that, Buckley Robert sold 3,000 shares. Novanta Inc shares valued at $511,200 were divested by the Chief Financial Officer at a price of $170.40 per share. As a result of the transaction, Buckley Robert now holds 120,419 shares, worth roughly $19.49 million.
William Blair upgraded its Novanta Inc [NOVT] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. William Blair also remained covering NOVT and has decreased its forecast on April 02, 2020 with a “Mkt perform” recommendation from previously “an Outperform” rating. William Blair started covering the stock on February 27, 2018. It rated NOVT as “an Outperform”.
Price Performance Review of NOVT
On Tuesday, Novanta Inc [NASDAQ:NOVT] saw its stock jump 0.43% to $161.84. Over the last five days, the stock has gained 3.41%. Novanta Inc shares have fallen nearly -3.90% since the year began. Nevertheless, the stocks have fallen -0.34% over the past one year. While a 52-week high of $187.60 was reached on 03/08/24, a 52-week low of $111.20 was recorded on 04/19/24. SMA at 50 days reached $166.62, while 200 days put it at $156.51. A total of 0.28 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For NOVT Stock
The 24-hour chart illustrates a support level at 157.24, which if violated will result in even more drops to 152.63. On the upside, there is a resistance level at 166.49. A further resistance level may holdings at 171.13. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.84%. Stochastics %K at 78.48% indicates the stock is a holding.
The most recent change occurred on December 08, 2017 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $54 price target.
