Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NVIDIA Corp shares valued at $19,975,240 were sold by STEVENS MARK A on Apr 05 ’24. At $879.97 per share, STEVENS MARK A sold 22,700 shares. The insider’s holdings dropped to 1,052,133 shares worth approximately $933.74 million following the completion of this transaction.
Also, PERRY MARK L sold 7,000 shares, netting a total of over 6,215,259 in proceeds. Following the sale of shares at $887.89 each, the insider now holds 116,000 shares.
Before that, STEVENS MARK A had sold 11,000 shares from its account. In a trade valued at $9,962,150, the Director traded NVIDIA Corp shares for $905.65 each. Upon closing the transaction, the insider’s holdings decreased to 11,000 shares, worth approximately $953.88 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, NVIDIA Corp [NVDA] has been an Outperform and the price target has been revised to $1160. Analysts at Raymond James resumed the stock at ‘”a Strong buy”‘ outlook in a report released in mid April. As of April 10, 2024, Morgan Stanley has reiterated its “an Overweight” rating for NVDA. Earlier on April 08, 2024, KeyBanc Capital Markets resumed its rating. Their recommendation was “an Overweight” for NVDA stock.
Analyzing NVDA Stock Performance
During the last five days, there has been a surge of approximately 3.41%. Over the course of the year, NVIDIA Corp shares have jumped approximately 79.21%. Shares of the company reached a 52-week high of $974.00 on 03/08/24 and a 52-week low of $473.20 on 01/03/24. A 50-day SMA is recorded $874.59, while a 200-day SMA reached $597.90. Nevertheless, trading volume fell to 37.6 million shares from 32.57 million shares the previous day.
Support And Resistance Levels for NVIDIA Corp (NVDA)
According to the 24-hour chart, there is a support level at 876.28, which, if violated, would cause prices to drop to 865.09. In the upper region, resistance lies at 904.69. The next price resistance is at 921.91. RSI (Relative Strength Index) is 53.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 37.87, which suggests the price will increase in the coming days. Percent R is at 21.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
