Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NVIDIA Corp shares valued at $15,325,950 were sold by STEVENS MARK A on Oct 03 ’24. At $122.61 per share, STEVENS MARK A sold 125,000 shares. The insider’s holdings dropped to 8,255,117 shares worth approximately $1.11 billion following the completion of this transaction.
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Also, STEVENS MARK A sold 40,000 shares, netting a total of over 4,840,356 in proceeds. Following the sale of shares at $121.01 each, the insider now holds 8,380,117 shares.
Before that, STEVENS MARK A had sold 165,100 shares from its account. In a trade valued at $20,021,429, the Director traded NVIDIA Corp shares for $121.27 each. Upon closing the transaction, the insider’s holdings decreased to 165,100 shares, worth approximately $1.14 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 surge of approximately 9.74%. Over the course of the year, NVIDIA Corp shares have jumped approximately 172.22%. 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 $117.79, while a 200-day SMA reached $97.80. Nevertheless, trading volume fell to 240.94 million shares from 246.19 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 132.21, which, if violated, would cause prices to drop to 129.60. In the upper region, resistance lies at 136.21. The next price resistance is at 137.60. RSI (Relative Strength Index) is 67.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.22, which suggests the price will increase in the coming days. Percent R is at 0.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
