NVIDIA Corp’s filing revealed that its Director COXE TENCH unloaded Company’s shares for reported $119.46 million on Jun 07 ’24. In the deal valued at $1194.57 per share,100,000 shares were sold. As a result of this transaction, COXE TENCH now holds 2,967,136 shares worth roughly $358.76 million.
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Then, STEVENS MARK A sold 16,670 shares, generating $19,988,343 in total proceeds. Upon selling the shares at $1199.06, the Director now owns 999,624 shares.
Before that, Shoquist Debora sold 10,425 shares. NVIDIA Corp shares valued at $12,517,143 were divested by the EVP, Operations at a price of $1200.69 per share. As a result of the transaction, Shoquist Debora now holds 144,938 shares, worth roughly $17.52 million.
BofA Securities reiterated its NVIDIA Corp [NVDA] rating to a Buy in a research note published on June 03, 2024; the price target was $1500. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Hold”. Wolfe Research also remained covering NVDA and reiterated its “an Outperform” recommendation on May 23, 2024. Wells Fargo maintained its rating on May 23, 2024. It rated NVDA as “an Overweight”.
Price Performance Review of NVDA
On Tuesday, NVIDIA Corp [NASDAQ:NVDA] saw its stock fall -0.72% to $120.91. Over the last five days, the stock has gained 3.84%. NVIDIA Corp shares have risen nearly 144.15% since the year began. Nevertheless, the stocks have risen 211.86% over the past one year. While a 52-week high of $195.95 was reached on 06/06/24, a 52-week low of $38.62 was recorded on 01/03/24. SMA at 50 days reached $94.98, while 200 days put it at $66.53. A total of 221.1 million shares were traded, compared to the trading of 314.16 million shares in the previous session.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 118.81, which if violated will result in even more drops to 116.71. On the upside, there is a resistance level at 122.94. A further resistance level may holdings at 124.97. The Relative Strength Index (RSI) on the 14-day chart is 73.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.46%. Stochastics %K at 84.98% indicates the stock is a selling.
The most recent change occurred on May 23, 2024 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $1200.
