KD Logo

NVIDIA Corp (NVDA) rating initates by Jefferies

NVIDIA Corp’s recently made public that its Director STEVENS MARK A unloaded Company’s shares for reported $19.98 million on Apr 05 ’24. In the deal valued at $879.97 per share,22,700 shares were sold. As a result of this transaction, STEVENS MARK A now holds 1,052,133 shares worth roughly $951.12 million.

Then, PERRY MARK L sold 7,000 shares, generating $6,215,259 in total proceeds. Upon selling the shares at $887.89, the Director now owns 116,000 shares.

Before that, STEVENS MARK A sold 11,000 shares. NVIDIA Corp shares valued at $9,962,150 were divested by the Director at a price of $905.65 per share. As a result of the transaction, STEVENS MARK A now holds 1,074,833 shares, worth roughly $971.64 million.

Jefferies initiated its NVIDIA Corp [NVDA] rating to a Buy in a research note published on May 13, 2024; the price target was $1200. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Raymond James also remained covering NVDA and reiterated its “Strong buy” recommendation on April 11, 2024. Morgan Stanley maintained its rating on April 10, 2024. It rated NVDA as “an Overweight”.

Price Performance Review of NVDA

On Monday, NVIDIA Corp [NASDAQ:NVDA] saw its stock jump 0.58% to $903.99. Over the last five days, the stock has lost -1.89%. NVIDIA Corp shares have risen nearly 82.54% since the year began. Nevertheless, the stocks have risen 216.32% over the past one year. While a 52-week high of $974.00 was reached on 03/08/24, a 52-week low of $280.46 was recorded on 01/03/24. SMA at 50 days reached $878.37, while 200 days put it at $602.35. A total of 28.83 million shares were traded, compared to the trading of 33.53 million shares in the previous session.

Levels Of Support And Resistance For NVDA Stock

The 24-hour chart illustrates a support level at 889.53, which if violated will result in even more drops to 875.06. On the upside, there is a resistance level at 914.22. A further resistance level may holdings at 924.44. The Relative Strength Index (RSI) on the 14-day chart is 56.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 22.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.01%. Stochastics %K at 82.77% indicates the stock is a selling.

The most recent change occurred on April 08, 2024 when KeyBanc Capital Markets resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $1200.

Most Popular

[the_ad id="945"]