Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nerdwallet Inc shares valued at $60,050 were sold by YOUNT SAMUEL on Aug 19 ’24. At $12.01 per share, YOUNT SAMUEL sold 5,000 shares. The insider’s holdings dropped to 2,329,471 shares worth approximately $26.21 million following the completion of this transaction.
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Also, YOUNT SAMUEL sold 7,500 shares, netting a total of over 112,800 in proceeds. Following the sale of shares at $15.04 each, the insider now holds 2,334,471 shares.
Before that, YOUNT SAMUEL had sold 5,000 shares from its account. In a trade valued at $73,300, the VP, General Manager traded Nerdwallet Inc shares for $14.66 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $26.35 million.
As published in a research note from Citigroup on May 03, 2023, Nerdwallet Inc [NRDS] has been rated down from a Buy to a Neutral and the price target has been revised to $14 from $15. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of November 29, 2021, Truist has initiated its “Buy” rating for NRDS. Earlier on November 29, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for NRDS stock.
Analyzing NRDS Stock Performance
During the last five days, there has been a drop of approximately -10.43%. Over the course of the year, Nerdwallet Inc shares have dropped approximately -23.57%. Shares of the company reached a 52-week high of $17.30 on 02/27/24 and a 52-week low of $10.10 on 08/05/24. A 50-day SMA is recorded $12.22, while a 200-day SMA reached $14.06. Nevertheless, trading volume fell to 0.66 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Nerdwallet Inc (NRDS)
According to the 24-hour chart, there is a support level at 11.09, which, if violated, would cause prices to drop to 10.94. In the upper region, resistance lies at 11.50. The next price resistance is at 11.76. RSI (Relative Strength Index) is 33.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 96.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
