In a filing, NextDecade Corporation revealed its Director York Capital Management Global unloaded Company’s shares for reported $263.05 million on Jul 25 ’24. In the deal valued at $7.50 per share,35,072,737 shares were sold. As a result of this transaction, York Capital Management Global now holds 4,264,298 shares worth roughly $33.01 million.
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Then, Bardin Hill Investment Partner sold 471,519 shares, generating $2,419,364 in total proceeds. Upon selling the shares at $5.13, the Director now owns 11,208,389 shares.
Before that, Bardin Hill Investment Partner sold 471,519 shares. NextDecade Corporation shares valued at $2,419,364 were divested by the Director at a price of $5.13 per share. As a result of the transaction, Bardin Hill Investment Partner now holds 11,208,389 shares, worth roughly $86.75 million.
TD Cowen reiterated its NextDecade Corporation [NEXT] rating to a Buy in a research note published on June 06, 2024; the price target was $9. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid August from “a Peer perform” to “an Outperform”. Stifel also remained covering NEXT and has increased its forecast on August 15, 2023 with a “Buy” recommendation from previously “Hold” rating. Stifel revised its rating on July 28, 2022. It rated NEXT as “a Hold” which previously was an “a Sell”.
Price Performance Review of NEXT
On Monday, NextDecade Corporation [NASDAQ:NEXT] saw its stock fall -0.39% to $7.74. Over the last five days, the stock has lost -3.85%. NextDecade Corporation shares have risen nearly 62.26% since the year began. Nevertheless, the stocks have risen 38.96% over the past one year. While a 52-week high of $8.52 was reached on 07/24/24, a 52-week low of $4.01 was recorded on 01/10/24. SMA at 50 days reached $7.72, while 200 days put it at $5.79. A total of 0.97 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For NEXT Stock
The 24-hour chart illustrates a support level at 7.58, which if violated will result in even more drops to 7.42. On the upside, there is a resistance level at 7.92. A further resistance level may holdings at 8.10. The Relative Strength Index (RSI) on the 14-day chart is 47.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.29%. Stochastics%K at 27.62% indicates the stock is a holding.
