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Chardan Capital Markets gives a Buy recommendation for Nuvve Holding Corp (NVVE)

Nuvve Holding Corp’s filing revealed that its Chief Executive Officer Poilasne Gregory acquired Company’s shares for reported $50000.0 on Feb 02 ’24. In the deal valued at $2.00 per share,25,000 shares were bought. As a result of this transaction, Poilasne Gregory now holds 90,608 shares worth roughly $53458.719999999994.

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Then, Poilasne Gregory bought 714,000 shares, generating $99,960 in total proceeds. Upon buying the shares at $0.14, the Chief Executive Officer now owns 2,624,314 shares.

Before that, Robson David bought 357,000 shares. Nuvve Holding Corp shares valued at $49,980 were divested by the Chief Financial Officer at a price of $0.14 per share. As a result of the transaction, Robson David now holds 1,025,958 shares, worth roughly $0.61 million.

Chardan Capital Markets initiated its Nuvve Holding Corp [NVVE] rating to a Buy in a research note published on December 21, 2021; the price target was $24.

Price Performance Review of NVVE

On Tuesday, Nuvve Holding Corp [NASDAQ:NVVE] saw its stock fall -7.32% to $0.59. Over the last five days, the stock has lost -15.87%. Nuvve Holding Corp shares have fallen nearly -88.23% since the year began. Nevertheless, the stocks have fallen -97.60% over the past one year. While a 52-week high of $36.00 was reached on 01/23/24, a 52-week low of $0.51 was recorded on 06/03/24. SMA at 50 days reached $0.6812, while 200 days put it at $3.8463. A total of 0.29 million shares were traded, compared to the trading of 98800.0 shares in the previous session.

Levels Of Support And Resistance For NVVE Stock

The 24-hour chart illustrates a support level at 0.5608, which if violated will result in even more drops to 0.5355. On the upside, there is a resistance level at 0.6217. A further resistance level may holdings at 0.6573. The Relative Strength Index (RSI) on the 14-day chart is 42.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0268, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.50%. Stochastics%K at 22.97% indicates the stock is a holding.

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