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 $635,406 were purchased by SAMBERG JOSEPH D on Jun 24 ’24. At $7.83 per share, SAMBERG JOSEPH D acquired 81,200 shares. The insider’s holdings grew to 10,000,200 shares worth approximately $80.0 million following the completion of this transaction.
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Also, SAMBERG JOSEPH D purchased 53,000 shares, netting a total of over 393,414 in proceeds. Following the buying of shares at $7.42 each, the insider now holds 9,925,600 shares.
Before that, SAMBERG JOSEPH D had added 181,000 shares to its account. In a trade valued at $1,322,042, the 10% Owner bought NextNav Inc shares for $7.30 each. Upon closing the transaction, the insider’s holdings increased to 181,000 shares, worth approximately $79.05 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 surge of approximately 8.11%. Over the course of the year, NextNav Inc shares have jumped approximately 79.78%. 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 $8.01, while a 200-day SMA reached $5.61. Nevertheless, trading volume fell to 0.5 million shares from 0.61 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 7.84, which, if violated, would cause prices to drop to 7.68. In the upper region, resistance lies at 8.09. The next price resistance is at 8.18. RSI (Relative Strength Index) is 54.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 39.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
