NextDecade Corporation’s recent filing unveils that its 10% Owner HGC Next Inv LLC acquired Company’s shares for reported $87.68 million on Jul 29 ’24. In the deal valued at $7.50 per share,11,690,909 shares were bought. As a result of this transaction, HGC Next Inv LLC now holds 17,536,369 shares worth roughly $88.21 million.
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Then, York Capital Management Global sold 35,072,737 shares, generating $263,045,528 in total proceeds. Upon selling the shares at $7.50, the Director now owns 4,264,298 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 $56.38 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 jump 3.07% to $5.03. Over the last five days, the stock has gained 6.12%. NextDecade Corporation shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have fallen -12.22% 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 $6.14, while 200 days put it at $5.92.
Levels Of Support And Resistance For NEXT Stock
The 24-hour chart illustrates a support level at 4.89, which if violated will result in even more drops to 4.76. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.21. The Relative Strength Index (RSI) on the 14-day chart is 47.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.00%. Stochastics %K at 70.18% indicates the stock is a holding.
How much short interest is there in NextDecade Corporation?
A steep rise in short interest was recorded in NextDecade Corporation stocks on 2024-08-30, growing by 3.16 million shares to a total of 14.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 11.69 million shares. There was a rise of 21.26%, which implies that there is a positive sentiment for the stock.
