Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NVIDIA Corp shares valued at $4,840,356 were sold by STEVENS MARK A on Sep 27 ’24. At $121.01 per share, STEVENS MARK A sold 40,000 shares. The insider’s holdings dropped to 8,380,117 shares worth approximately $1.03 billion following the completion of this transaction.
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Also, STEVENS MARK A sold 165,100 shares, netting a total of over 20,021,429 in proceeds. Following the sale of shares at $121.27 each, the insider now holds 8,420,117 shares.
Before that, STEVENS MARK A had added 3,000,000 shares to its account. In a trade valued at $348,780,000, the Shareholder bought NVIDIA Corp shares for $116.26 each.
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 -0.96%. Over the course of the year, NVIDIA Corp shares have jumped approximately 148.07%. 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 $115.88, while a 200-day SMA reached $95.76. Nevertheless, trading volume fell to 273.34 million shares from 221.85 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 120.67, which, if violated, would cause prices to drop to 118.50. In the upper region, resistance lies at 124.69. The next price resistance is at 126.54. RSI (Relative Strength Index) is 56.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
