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Chardan Capital Markets analysts downgrades a Sell rating for Energy Vault Holdings Inc (NRGV)

Energy Vault Holdings Inc’s filing revealed that its Chief Product Officer Terruzzin Marco unloaded Company’s shares for reported $39726.0 on Jun 07 ’24. In the deal valued at $1.16 per share,34,129 shares were sold. As a result of this transaction, Terruzzin Marco now holds 1,663,225 shares worth roughly $1.6 million.

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Then, McMorrow Josh sold 22,406 shares, generating $26,081 in total proceeds. Upon selling the shares at $1.16, the Chief Legal Officer now owns 944,763 shares.

Before that, ALEXANDER LAURENCE sold 22,316 shares. Energy Vault Holdings Inc shares valued at $25,976 were divested by the Chief Marketing Officer at a price of $1.16 per share. As a result of the transaction, ALEXANDER LAURENCE now holds 1,219,657 shares, worth roughly $1.17 million.

Chardan Capital Markets downgraded its Energy Vault Holdings Inc [NRGV] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid March has reiterated a ‘”an Outperform”‘ rating for it. ROTH MKM began covering NRGV with “Buy” recommendation on January 16, 2024. Guggenheim revised its rating on March 06, 2023. It rated NRGV as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NRGV

On Tuesday, Energy Vault Holdings Inc [NYSE:NRGV] saw its stock jump 1.35% to $0.96. Over the last five days, the stock has gained 2.42%. Energy Vault Holdings Inc shares have fallen nearly -58.63% since the year began. Nevertheless, the stocks have fallen -64.69% over the past one year. While a 52-week high of $3.55 was reached on 01/02/24, a 52-week low of $0.91 was recorded on 06/25/24. SMA at 50 days reached $1.1744, while 200 days put it at $1.8084. A total of 0.24 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For NRGV Stock

The 24-hour chart illustrates a support level at 0.9388, which if violated will result in even more drops to 0.9137. On the upside, there is a resistance level at 0.9803. A further resistance level may holdings at 0.9967. The Relative Strength Index (RSI) on the 14-day chart is 37.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0567, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.16%. Stochastics%K at 13.90% indicates the stock is a buying.

The most recent change occurred on June 29, 2022 when Chardan Capital Markets began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.

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