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. Nxu Inc shares valued at $4,772 were sold by Wyant Sarah on Dec 31 ’23. At $2.19 per share, Wyant Sarah sold 2,179 shares. The insider’s holdings dropped to 108,948 shares worth approximately $46847.64 following the completion of this transaction.
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Also, GEM Global Yield LLC SCS sold 2,357,502 shares, netting a total of over 791,649 in proceeds. Following the sale of shares at $0.34 each, the insider now holds 17,999,785 shares.
Before that, GEM Global Yield LLC SCS had sold 2,251,368 shares from its account. In a trade valued at $72,719, the 10% Owner traded Nxu Inc shares for $0.03 each. Upon closing the transaction, the insider’s holdings decreased to 2,251,368 shares, worth approximately $8.75 million.
Analyzing NXU Stock Performance
During the last five days, there has been a drop of approximately -4.30%. Over the course of the year, Nxu Inc shares have dropped approximately -81.32%. Shares of the company reached a 52-week high of $2.2400 on 01/02/24 and a 52-week low of $0.3401 on 04/22/24. A 50-day SMA is recorded $0.4731, while a 200-day SMA reached $5.8808. Nevertheless, trading volume fell to 4.01 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Nxu Inc (NXU)
According to the 24-hour chart, there is a support level at 0.3834, which, if violated, would cause prices to drop to 0.3372. In the upper region, resistance lies at 0.4603. The next price resistance is at 0.4910. RSI (Relative Strength Index) is 44.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0467, which suggests the price will decrease in the coming days. Percent R is at 70.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
