Nuvalent Inc’s recent filing unveils that its Director Conley Emily unloaded Company’s shares for reported $0.35 million on May 15 ’24. In the deal valued at $69.09 per share,5,000 shares were sold. As a result of this transaction, Conley Emily now holds 8 shares worth roughly $557.84.
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Then, Shair Matthew sold 37,500 shares, generating $2,468,866 in total proceeds. Upon selling the shares at $65.84, the Director now owns 1,424,698 shares.
Before that, Shair Matthew sold 37,500 shares. Nuvalent Inc shares valued at $2,605,525 were divested by the Director at a price of $69.48 per share. As a result of the transaction, Shair Matthew now holds 1,462,198 shares, worth roughly $101.96 million.
Jefferies initiated its Nuvalent Inc [NUVL] rating to a Buy in a research note published on April 17, 2024; the price target was $97. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in early April from “a Market perform” to “an Outperform”. Robert W. Baird started covering the stock on February 23, 2024. It rated NUVL as “an Outperform”.
Price Performance Review of NUVL
On Tuesday, Nuvalent Inc [NASDAQ:NUVL] saw its stock fall -1.69% to $69.73. Over the last five days, the stock has gained 2.51%. Nuvalent Inc shares have fallen nearly -5.25% since the year began. Nevertheless, the stocks have risen 78.66% over the past one year. While a 52-week high of $89.39 was reached on 03/13/24, a 52-week low of $38.14 was recorded on 04/19/24. SMA at 50 days reached $71.49, while 200 days put it at $65.12. A total of 0.29 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 68.58, which if violated will result in even more drops to 67.42. On the upside, there is a resistance level at 71.16. A further resistance level may holdings at 72.58. The Relative Strength Index (RSI) on the 14-day chart is 50.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.69%. Stochastics %K at 59.69% indicates the stock is a holding.
The most recent change occurred on September 27, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.
