Novanta Inc’s filing revealed that its Chief Financial Officer Buckley Robert unloaded Company’s shares for reported $0.25 million on Aug 15 ’24. In the deal valued at $180.25 per share,1,382 shares were sold. As a result of this transaction, Buckley Robert now holds 120,419 shares worth roughly $22.07 million.
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Then, Buckley Robert sold 4,108 shares, generating $709,672 in total proceeds. Upon selling the shares at $172.75, the Chief Financial Officer now owns 120,419 shares.
Before that, Buckley Robert sold 1,830 shares. Novanta Inc shares valued at $329,729 were divested by the Chief Financial Officer at a price of $180.18 per share. As a result of the transaction, Buckley Robert now holds 120,419 shares, worth roughly $22.07 million.
William Blair upgraded its Novanta Inc [NOVT] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. William Blair also remained covering NOVT and has decreased its forecast on April 02, 2020 with a “Mkt perform” recommendation from previously “an Outperform” rating. William Blair started covering the stock on February 27, 2018. It rated NOVT as “an Outperform”.
Price Performance Review of NOVT
On Friday, Novanta Inc [NASDAQ:NOVT] saw its stock jump 0.41% to $183.28. Over the last five days, the stock has lost -0.14%. Novanta Inc shares have risen nearly 8.83% since the year began. Nevertheless, the stocks have risen 11.89% over the past one year. While a 52-week high of $187.12 was reached on 07/17/24, a 52-week low of $111.20 was recorded on 04/19/24. SMA at 50 days reached $173.08, while 200 days put it at $164.18.
Levels Of Support And Resistance For NOVT Stock
The 24-hour chart illustrates a support level at 180.49, which if violated will result in even more drops to 177.69. On the upside, there is a resistance level at 185.34. A further resistance level may holdings at 187.39. The Relative Strength Index (RSI) on the 14-day chart is 57.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.43%. Stochastics %K at 71.57% indicates the stock is a holding.
How much short interest is there in Novanta Inc?
A steep rise in short interest was recorded in Novanta Inc stocks on 2024-08-15, dropping by 3363.0 shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.57 million shares. There was a decline of -0.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 08, 2017 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $54 price target.
