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NextNav Inc [NN] Investment Guide: What You Need to Know

NextNav Inc’s filing revealed that its Director SUBIN NEIL S acquired Company’s shares for reported $0.24 million on Mar 20 ’24. In the deal valued at $4.72 per share,50,000 shares were bought. As a result of this transaction, SUBIN NEIL S now holds 2,115,213 shares worth roughly $15.78 million.

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Then, SUBIN NEIL S bought 50,000 shares, generating $238,000 in total proceeds. Upon buying the shares at $4.76, the Director now owns 2,065,213 shares.

Before that, Lantz Robert sold 2,032 shares. NextNav Inc shares valued at $9,652 were divested by the General Counsel at a price of $4.75 per share. As a result of the transaction, Lantz Robert now holds 88,401 shares, worth roughly $0.66 million.

Oppenheimer downgraded its NextNav Inc [NN] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including R. F. Lafferty’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating.

Price Performance Review of NN

On Monday, NextNav Inc [NASDAQ:NN] saw its stock fall -0.40% to $7.46. Over the last five days, the stock has lost -12.65%. NextNav Inc shares have risen nearly 67.64% since the year began. Nevertheless, the stocks have risen 161.75% over the past one year. While a 52-week high of $9.50 was reached on 04/30/24, a 52-week low of $2.12 was recorded on 03/07/24. SMA at 50 days reached $6.94, while 200 days put it at $5.04. A total of 0.81 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For NN Stock

The 24-hour chart illustrates a support level at 7.34, which if violated will result in even more drops to 7.22. On the upside, there is a resistance level at 7.62. A further resistance level may holdings at 7.78. The Relative Strength Index (RSI) on the 14-day chart is 42.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.15%. Stochastics %K at 9.11% indicates the stock is a buying.

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