Nuvalent Inc’s filing revealed that its Chief Development Officer Noci Darlene unloaded Company’s shares for reported $0.51 million on Oct 01 ’24. In the deal valued at $101.74 per share,5,000 shares were sold. As a result of this transaction, Noci Darlene now holds 33,300 shares worth roughly $3.41 million.
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Then, Balcom Alexandra sold 10,000 shares, generating $1,010,620 in total proceeds. Upon selling the shares at $101.06, the Chief Financial Officer now owns 33,300 shares.
Before that, Darlene Noci bought 10,000 shares. Nuvalent Inc shares valued at $1,011,900 were divested by the Officer at a price of $101.19 per share.
Barclays initiated its Nuvalent Inc [NUVL] rating to an Overweight in a research note published on August 29, 2024; the price target was $100. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Leerink Partners also remained covering NUVL and has increased its forecast on April 01, 2024 with a “an Outperform” recommendation from previously “Market perform” rating.
Price Performance Review of NUVL
On Tuesday, Nuvalent Inc [NASDAQ:NUVL] saw its stock fall -0.94% to $102.40. Over the last five days, the stock has lost -0.60%. Nuvalent Inc shares have risen nearly 39.15% since the year began. Nevertheless, the stocks have risen 58.71% over the past one year. While a 52-week high of $113.51 was reached on 09/16/24, a 52-week low of $49.02 was recorded on 04/19/24. SMA at 50 days reached $87.39, while 200 days put it at $78.53.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 100.89, which if violated will result in even more drops to 99.39. On the upside, there is a resistance level at 104.87. A further resistance level may holdings at 107.35. The Relative Strength Index (RSI) on the 14-day chart is 58.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.39%. Stochastics %K at 46.03% indicates the stock is a holding.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2024-09-13, dropping by -0.42 million shares to a total of 6.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.83 million shares. There was a decline of -6.63%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 23, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $105 price target.
