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. NVIDIA Corp shares valued at $119,223,039 were purchased by COXE TENCH on Sep 19 ’24. At $119.22 per share, COXE TENCH acquired 1,000,000 shares.
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Also, HUANG JEN HSUN sold 120,000 shares, netting a total of over 14,279,416 in proceeds. Following the sale of shares at $119.00 each, the insider now holds 75,415,836 shares.
Before that, HUANG JEN HSUN had sold 120,000 shares from its account. In a trade valued at $14,272,503, the President and CEO traded NVIDIA Corp shares for $118.94 each. Upon closing the transaction, the insider’s holdings decreased to 120,000 shares, worth approximately $8.9 billion.
As published in their initiating research note from William Blair on September 18, 2024, NVIDIA Corp [NVDA] has been an Outperform. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late August. As of August 19, 2024, Goldman has reiterated its “Buy” rating for NVDA. Earlier on August 06, 2024, New Street upgraded its rating. Their new recommendation was “a Buy” for NVDA stock which previously was a “a Neutral”.
Analyzing NVDA Stock Performance
During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, NVIDIA Corp shares have jumped approximately 138.02%. Shares of the company reached a 52-week high of $140.76 on 06/20/24 and a 52-week low of $47.32 on 01/03/24. A 50-day SMA is recorded $116.42, while a 200-day SMA reached $92.11. Nevertheless, trading volume fell to 292.36 million shares from 310.32 million shares the previous day.
Support And Resistance Levels for NVIDIA Corp (NVDA)
According to the 24-hour chart, there is a support level at 116.86, which, if violated, would cause prices to drop to 115.85. In the upper region, resistance lies at 119.27. The next price resistance is at 120.67. RSI (Relative Strength Index) is 52.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.97, which suggests the price will increase in the coming days. Percent R is at 18.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
