NVIDIA Corp’s recently made public that its President and CEO HUANG JEN HSUN unloaded Company’s shares for reported $14.07 million on Jul 24 ’24. In the deal valued at $117.24 per share,120,000 shares were sold. As a result of this transaction, HUANG JEN HSUN now holds 78,054,995 shares worth roughly $8.82 billion.
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Then, HUANG JEN HSUN sold 120,000 shares, generating $14,800,522 in total proceeds. Upon selling the shares at $123.34, the President and CEO now owns 78,174,995 shares.
Before that, HUANG JEN HSUN sold 120,000 shares. NVIDIA Corp shares valued at $14,668,027 were divested by the President and CEO at a price of $122.23 per share. As a result of the transaction, HUANG JEN HSUN now holds 78,294,995 shares, worth roughly $8.85 billion.
TD Cowen reiterated its NVIDIA Corp [NVDA] rating to a Buy in a research note published on July 15, 2024; the price target was $165. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. KeyBanc Capital Markets also remained covering NVDA and reiterated its “an Overweight” recommendation on July 09, 2024. UBS maintained its rating on July 08, 2024. It rated NVDA as “a Buy”.
Price Performance Review of NVDA
On Friday, NVIDIA Corp [NASDAQ:NVDA] saw its stock jump 0.69% to $113.06. Over the last five days, the stock has lost -4.13%. NVIDIA Corp shares have risen nearly 128.30% since the year began. Nevertheless, the stocks have risen 148.75% 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 $118.85, while 200 days put it at $78.96. A total of 292.28 million shares were traded, compared to the trading of 460.07 million shares in the previous session.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 111.03, which if violated will result in even more drops to 108.99. On the upside, there is a resistance level at 115.65. A further resistance level may holdings at 118.23. The Relative Strength Index (RSI) on the 14-day chart is 40.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.35%. Stochastics%K at 15.42% indicates the stock is a buying.
