NN Inc’s filing revealed that its Director Gautam Rajeev acquired Company’s shares for reported $0.12 million on Nov 30 ’23. In the deal valued at $2.37 per share,50,000 shares were bought. As a result of this transaction, Gautam Rajeev now holds 50,000 shares worth roughly $0.17 million.
Then, Faria Joao V bought 30,000 shares, generating $52,161 in total proceeds. Upon buying the shares at $1.74, the Director now owns 227,963 shares.
Before that, Corre Partners Management, LLC bought 13,099 shares. NN Inc shares valued at $16,370 were divested by the 10% Owner at a price of $1.25 per share. As a result of the transaction, Corre Partners Management, LLC now holds 5,727,526 shares, worth roughly $19.59 million.
Noble Capital Markets initiated its NN Inc [NNBR] rating to an Outperform in a research note published on April 15, 2024; the price target was $6. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. KeyBanc Capital Markets also remained covering NNBR and has decreased its forecast on March 18, 2022 with a “Sector weight” recommendation from previously “an Overweight” rating. CJS Securities revised its rating on April 06, 2021. It rated NNBR as “a Market perform” which previously was an “a Market outperform”.
Price Performance Review of NNBR
On Tuesday, NN Inc [NASDAQ:NNBR] saw its stock fall -10.00% to $3.42. Over the last five days, the stock has lost -3.93%. NN Inc shares have fallen nearly -14.50% since the year began. Nevertheless, the stocks have risen 235.29% over the past one year. While a 52-week high of $5.40 was reached on 02/16/24, a 52-week low of $0.97 was recorded on 04/30/24. SMA at 50 days reached $4.31, while 200 days put it at $3.24. A total of 0.28 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For NNBR Stock
The 24-hour chart illustrates a support level at 3.20, which if violated will result in even more drops to 2.98. On the upside, there is a resistance level at 3.79. A further resistance level may holdings at 4.16. The Relative Strength Index (RSI) on the 14-day chart is 35.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.00%. Stochastics %K at 35.42% indicates the stock is a holding.
