Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Evolv Technologies Holdings Inc shares valued at $24,999 were purchased by Glat Neil on Aug 14 ’24. At $3.00 per share, Glat Neil acquired 8,333 shares. The insider’s holdings grew to 162,355 shares worth approximately $0.69 million following the completion of this transaction.
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Also, Gonzales David Mounts purchased 50,000 shares, netting a total of over 150,000 in proceeds. Following the buying of shares at $3.00 each, the insider now holds 120,544 shares.
Before that, Saintil Merline had sold 7,754 shares from its account. In a trade valued at $18,377, the Director traded Evolv Technologies Holdings Inc shares for $2.37 each. Upon closing the transaction, the insider’s holdings decreased to 7,754 shares, worth approximately $0.35 million.
Analysts at Lake Street downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of November 21, 2023, Lake Street has initiated its “Buy” rating for EVLV. Earlier on April 28, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for EVLV stock.
Analyzing EVLV Stock Performance
During the last five days, there has been a surge of approximately 11.81%. Over the course of the year, Evolv Technologies Holdings Inc shares have dropped approximately -9.75%. Shares of the company reached a 52-week high of $5.73 on 02/13/24 and a 52-week low of $2.01 on 05/10/24. A 50-day SMA is recorded $3.84, while a 200-day SMA reached $3.71. Nevertheless, trading volume fell to 0.54 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Evolv Technologies Holdings Inc (EVLV)
According to the 24-hour chart, there is a support level at 4.15, which, if violated, would cause prices to drop to 4.04. In the upper region, resistance lies at 4.32. The next price resistance is at 4.38. RSI (Relative Strength Index) is 59.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 5.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
