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. NXP Semiconductors NV shares valued at $2,357,111 were sold by Sievers Kurt on Jun 10 ’24. At $275.75 per share, Sievers Kurt sold 8,548 shares. The insider’s holdings dropped to 177,889 shares worth approximately $44.03 million following the completion of this transaction.
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Also, Jensen Christopher L sold 4,765 shares, netting a total of over 1,183,674 in proceeds. Following the sale of shares at $248.41 each, the insider now holds 0 shares.
Before that, SUMME GREGORY L had sold 4,695 shares from its account. In a trade valued at $1,151,520, the Director traded NXP Semiconductors NV shares for $245.27 each. Upon closing the transaction, the insider’s holdings decreased to 4,695 shares, worth approximately $1.76 million.
As published in a research note from TD Cowen on July 24, 2024, NXP Semiconductors NV [NXPI] has been retained to a Buy and the price target has been revised to $310. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 13, 2024, Jefferies has initiated its “Buy” rating for NXPI. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for NXPI stock.
Analyzing NXPI Stock Performance
During the last five days, there has been a drop of approximately -11.37%. Over the course of the year, NXP Semiconductors NV shares have jumped approximately 7.76%. Shares of the company reached a 52-week high of $296.08 on 07/17/24 and a 52-week low of $201.58 on 01/17/24. A 50-day SMA is recorded $272.51, while a 200-day SMA reached $234.74. Nevertheless, trading volume fell to 4.24 million shares from 6.65 million shares the previous day.
Support And Resistance Levels for NXP Semiconductors NV (NXPI)
According to the 24-hour chart, there is a support level at 243.47, which, if violated, would cause prices to drop to 239.42. In the upper region, resistance lies at 253.51. The next price resistance is at 259.50. RSI (Relative Strength Index) is 37.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.24, which suggests the price will decrease in the coming days. Percent R is at 95.87%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.