NovoCure Ltd’s filing revealed that its Chief Financial Officer Cordova Ashley unloaded Company’s shares for reported $13857.0 on Aug 02 ’24. In the deal valued at $20.14 per share,688 shares were sold. As a result of this transaction, Cordova Ashley now holds 219,179 shares worth roughly $3.9 million.
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Then, VERNON W ANTHONY sold 964 shares, generating $23,033 in total proceeds. Upon selling the shares at $23.89, the Director now owns 164,833 shares.
Before that, Scannell Timothy J sold 964 shares. NovoCure Ltd shares valued at $23,027 were divested by the Director at a price of $23.89 per share. As a result of the transaction, Scannell Timothy J now holds 2,964 shares, worth roughly $52699.920000000006.
A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Piper Sandler also remained covering NVCR and has increased its forecast on August 08, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. SVB Securities started covering the stock on August 04, 2023. It rated NVCR as “an Outperform”.
Price Performance Review of NVCR
On Tuesday, NovoCure Ltd [NASDAQ:NVCR] saw its stock jump 10.71% to $17.78. Over the last five days, the stock has gained 21.28%. NovoCure Ltd shares have risen nearly 19.09% since the year began. Nevertheless, the stocks have risen 25.12% over the past one year. While a 52-week high of $24.74 was reached on 05/20/24, a 52-week low of $10.87 was recorded on 04/23/24. SMA at 50 days reached $17.17, while 200 days put it at $16.74.
Levels Of Support And Resistance For NVCR Stock
The 24-hour chart illustrates a support level at 16.01, which if violated will result in even more drops to 14.24. On the upside, there is a resistance level at 19.44. A further resistance level may holdings at 21.10. The Relative Strength Index (RSI) on the 14-day chart is 61.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.04%. Stochastics %K at 68.63% indicates the stock is a holding.
How much short interest is there in NovoCure Ltd?
A steep rise in short interest was recorded in NovoCure Ltd stocks on 2024-09-30, dropping by -0.74 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.23 million shares. There was a decline of -13.57%, which implies that there is a negative sentiment for the stock.
