The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NextNav Inc shares valued at $267,355 were sold by Raghupathy Arun on May 21 ’24. At $7.76 per share, Raghupathy Arun sold 34,453 shares. The insider’s holdings dropped to 1,096,085 shares worth approximately $8.22 million following the completion of this transaction.
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Also, SUBIN NEIL S purchased 50,000 shares, netting a total of over 381,000 in proceeds. Following the buying of shares at $7.62 each, the insider now holds 2,265,213 shares.
Before that, SUBIN NEIL S had added 42,761 shares to its account. In a trade valued at $328,832, the Director bought NextNav Inc shares for $7.69 each. Upon closing the transaction, the insider’s holdings increased to 42,761 shares, worth approximately $16.61 million.
As published in a research note from Oppenheimer on August 12, 2022, NextNav Inc [NN] has been rated down from an Outperform to a Perform. Analysts at R. F. Lafferty started covering the stock with ‘”a Buy”‘ outlook in a report released in early January.
Analyzing NN Stock Performance
During the last five days, there has been a drop of approximately -7.98%. Over the course of the year, NextNav Inc shares have jumped approximately 68.54%. Shares of the company reached a 52-week high of $9.50 on 04/30/24 and a 52-week low of $3.55 on 03/07/24. A 50-day SMA is recorded $7.48, while a 200-day SMA reached $5.21. Nevertheless, trading volume fell to 0.76 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for NextNav Inc (NN)
According to the 24-hour chart, there is a support level at 7.33, which, if violated, would cause prices to drop to 7.15. In the upper region, resistance lies at 7.60. The next price resistance is at 7.69. RSI (Relative Strength Index) is 44.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 87.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
