NVIDIA Corp’s recent filing unveils that its Director STEVENS MARK A unloaded Company’s shares for reported $15.33 million on Oct 03 ’24. In the deal valued at $122.61 per share,125,000 shares were sold. As a result of this transaction, STEVENS MARK A now holds 8,255,117 shares worth roughly $1.05 billion.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, STEVENS MARK A sold 40,000 shares, generating $4,840,356 in total proceeds. Upon selling the shares at $121.01, the Director now owns 8,380,117 shares.
Before that, STEVENS MARK A sold 165,100 shares. NVIDIA Corp shares valued at $20,021,429 were divested by the Director at a price of $121.27 per share. As a result of the transaction, STEVENS MARK A now holds 8,420,117 shares, worth roughly $1.08 billion.
William Blair initiated its NVIDIA Corp [NVDA] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Goldman also remained covering NVDA and reiterated its “Buy” recommendation on August 19, 2024. New Street revised its rating on August 06, 2024. It rated NVDA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NVDA
On Monday, NVIDIA Corp [NASDAQ:NVDA] saw its stock jump 2.24% to $127.72. Over the last five days, the stock has gained 5.17%. NVIDIA Corp shares have risen nearly 157.91% since the year began. Nevertheless, the stocks have risen 185.80% over the past one year. While a 52-week high of $140.76 was reached on 06/20/24, a 52-week low of $39.23 was recorded on 01/03/24. SMA at 50 days reached $116.43, while 200 days put it at $96.53.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 124.90, which if violated will result in even more drops to 122.08. On the upside, there is a resistance level at 130.59. A further resistance level may holdings at 133.46. The Relative Strength Index (RSI) on the 14-day chart is 61.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.76%. Stochastics %K at 76.97% indicates the stock is a holding.
How much short interest is there in NVIDIA Corp?
A steep rise in short interest was recorded in NVIDIA Corp stocks on 2024-09-13, dropping by -18.21 million shares to a total of 275.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 293.54 million shares. There was a decline of -6.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 15, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $165.
