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NVIDIA Corp (NVDA) receives an Overweight rating from Morgan Stanley

In a filing, NVIDIA Corp revealed its President and CEO HUANG JEN HSUN unloaded Company’s shares for reported $14.73 million on Jul 01 ’24. In the deal valued at $122.78 per share,120,000 shares were sold. As a result of this transaction, HUANG JEN HSUN now holds 79,974,995 shares worth roughly $9.81 billion.

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Then, HUANG JEN HSUN sold 120,000 shares, generating $15,004,855 in total proceeds. Upon selling the shares at $125.04, the President and CEO now owns 80,094,995 shares.

Before that, HUANG JEN HSUN sold 120,000 shares. NVIDIA Corp shares valued at $14,926,277 were divested by the President and CEO at a price of $124.39 per share. As a result of the transaction, HUANG JEN HSUN now holds 80,214,995 shares, worth roughly $9.84 billion.

Morgan Stanley reiterated its NVIDIA Corp [NVDA] rating to an Overweight in a research note published on July 01, 2024; the price target was $144. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who remained covering the stock and in mid June has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering NVDA and reiterated its “Buy” recommendation on June 03, 2024. DZ Bank revised its rating on May 24, 2024. It rated NVDA as “a Hold” which previously was an “a Buy”.

Price Performance Review of NVDA

On Tuesday, NVIDIA Corp [NASDAQ:NVDA] saw its stock fall -1.31% to $122.67. Over the last five days, the stock has lost -2.71%. NVIDIA Corp shares have risen nearly 147.71% since the year began. Nevertheless, the stocks have risen 189.99% over the past one year. While a 52-week high of $140.76 was reached on 06/20/24, a 52-week low of $39.23 was recorded on 01/03/24. SMA at 50 days reached $106.34, while 200 days put it at $72.13. A total of 214.42 million shares were traded, compared to the trading of 284.89 million shares in the previous session.

Levels Of Support And Resistance For NVDA Stock

The 24-hour chart illustrates a support level at 121.33, which if violated will result in even more drops to 119.99. On the upside, there is a resistance level at 123.71. A further resistance level may holdings at 124.75. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.62%. Stochastics%K at 25.14% indicates the stock is a holding.

The most recent change occurred on May 23, 2024 when Wolfe Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $1250.

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