Nuvalent Inc’s filing revealed that its Director Conley Emily unloaded Company’s shares for reported $0.39 million on Jun 14 ’24. In the deal valued at $77.56 per share,5,000 shares were sold. As a result of this transaction, Conley Emily now holds 2,507 shares worth roughly $0.2 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Miller Deborah Ann sold 8,000 shares, generating $643,213 in total proceeds. Upon selling the shares at $80.40, the Chief Legal Officer now owns 33,300 shares.
Before that, Shair Matthew sold 2,000 shares. Nuvalent Inc shares valued at $134,438 were divested by the Director at a price of $67.22 per share. As a result of the transaction, Shair Matthew now holds 234,522 shares, worth roughly $18.32 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 jump 1.19% to $78.10. Over the last five days, the stock has lost -1.20%. Nuvalent Inc shares have risen nearly 6.13% since the year began. Nevertheless, the stocks have risen 80.54% over the past one year. While a 52-week high of $89.39 was reached on 03/13/24, a 52-week low of $38.78 was recorded on 04/19/24. SMA at 50 days reached $69.92, while 200 days put it at $68.00. A total of 0.3 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 76.30, which if violated will result in even more drops to 74.50. On the upside, there is a resistance level at 79.56. A further resistance level may holdings at 81.02. The Relative Strength Index (RSI) on the 14-day chart is 60.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.50%. Stochastics %K at 70.33% 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.
