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 $20,502,578 were sold by STEVENS MARK A on Oct 09 ’24. At $132.27 per share, STEVENS MARK A sold 155,000 shares. The insider’s holdings dropped to 8,100,117 shares worth approximately $1.11 billion following the completion of this transaction.
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Also, STEVENS MARK A sold 125,000 shares, netting a total of over 15,325,950 in proceeds. Following the sale of shares at $122.61 each, the insider now holds 8,255,117 shares.
Before that, STEVENS MARK A had sold 40,000 shares from its account. In a trade valued at $4,840,356, the Director traded NVIDIA Corp shares for $121.01 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $1.15 billion.
As published in a research note from Goldman on October 11, 2024, NVIDIA Corp [NVDA] has been retained to a Buy and the price target has been revised to $150. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of August 29, 2024, Needham has reiterated its “Buy” rating for NVDA. Earlier on August 19, 2024, Goldman resumed its rating. Their recommendation was “a Buy” for NVDA stock.
Analyzing NVDA Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, NVIDIA Corp shares have jumped approximately 176.50%. Shares of the company reached a 52-week high of $140.89 on 10/17/24 and a 52-week low of $47.32 on 01/03/24. A 50-day SMA is recorded $120.93, while a 200-day SMA reached $99.96. Nevertheless, trading volume fell to 304.45 million shares from 264.88 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 135.57, which, if violated, would cause prices to drop to 134.21. In the upper region, resistance lies at 139.59. The next price resistance is at 142.25. RSI (Relative Strength Index) is 64.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.45, which suggests the price will increase in the coming days. Percent R is at 15.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
