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. Nerdy Inc shares valued at $2,235,400 were purchased by Cohn Charles K. on Aug 19 ’24. At $1.03 per share, Cohn Charles K. acquired 2,170,291 shares. The insider’s holdings grew to 13,025,870 shares worth approximately $13.16 million following the completion of this transaction.
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Also, Cohn Charles K. purchased 10,993,192 shares, netting a total of over 9,733,805 in proceeds. Following the buying of shares at $0.89 each, the insider now holds 13,110,718 shares.
Before that, Pello Jason H. had sold 50,903 shares from its account. In a trade valued at $43,268, the Chief Financial Officer traded Nerdy Inc shares for $0.85 each. Upon closing the transaction, the insider’s holdings decreased to 50,903 shares, worth approximately $2.38 million.
As published in a research note from Raymond James on August 09, 2024, Nerdy Inc [NRDY] has been rated down from an Outperform to a Mkt perform. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early August. As of August 09, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for NRDY. Earlier on August 09, 2024, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for NRDY stock which previously was a “a Buy”.
Analyzing NRDY Stock Performance
Over the course of the year, Nerdy Inc shares have dropped approximately -70.55%. Shares of the company reached a 52-week high of $3.6000 on 02/12/24 and a 52-week low of $0.7269 on 08/12/24. A 50-day SMA is recorded $1.4076, while a 200-day SMA reached $2.3865. Nevertheless, trading volume fell to 0.81 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for Nerdy Inc (NRDY)
According to the 24-hour chart, there is a support level at 0.9867, which, if violated, would cause prices to drop to 0.9633. In the upper region, resistance lies at 1.0267. The next price resistance is at 1.0433. RSI (Relative Strength Index) is 40.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0493, which suggests the price will decrease in the coming days. Percent R is at 49.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
