Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nkarta Inc shares valued at $27,168 were sold by Hager Alicia J. on Jul 16 ’24. At $8.00 per share, Hager Alicia J. sold 3,396 shares. The insider’s holdings dropped to 103,819 shares worth approximately $0.55 million following the completion of this transaction.
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Also, HASTINGS PAUL J sold 1,770 shares, netting a total of over 9,912 in proceeds. Following the sale of shares at $5.60 each, the insider now holds 240,737 shares.
Before that, Hager Alicia J. had sold 727 shares from its account. In a trade valued at $4,071, the Chief Legal Officer traded Nkarta Inc shares for $5.60 each. Upon closing the transaction, the insider’s holdings decreased to 727 shares, worth approximately $0.56 million.
As published in a research note from Raymond James on March 22, 2024, Nkarta Inc [NKTX] has been rated down from a Strong buy to an Outperform and the price target has been revised to $16 from $13. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in late December. As of October 10, 2022, Canaccord Genuity has initiated its “Buy” rating for NKTX. Earlier on July 28, 2022, Needham initiated its rating. Their recommendation was “a Buy” for NKTX stock.
Analyzing NKTX Stock Performance
During the last five days, there has been a drop of approximately -18.10%. Over the course of the year, Nkarta Inc shares have dropped approximately -20.45%. Shares of the company reached a 52-week high of $16.24 on 03/07/24 and a 52-week low of $4.89 on 08/08/24. A 50-day SMA is recorded $6.21, while a 200-day SMA reached $6.95. Nevertheless, trading volume fell to 0.64 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Nkarta Inc (NKTX)
According to the 24-hour chart, there is a support level at 4.95, which, if violated, would cause prices to drop to 4.65. In the upper region, resistance lies at 5.49. The next price resistance is at 5.73. RSI (Relative Strength Index) is 37.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 84.68%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
