NextNav Inc’s filing revealed that its Officer Sammaad Shams acquired Company’s shares for reported $5799.0 on Sep 19 ’24. In the deal valued at $7.89 per share,735 shares were bought.
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Then, Shams Sammaad sold 735 shares, generating $5,799 in total proceeds. Upon selling the shares at $7.89, the Chief Accounting Officer now owns 61,353 shares.
Before that, SUBIN NEIL S bought 125,000 shares. NextNav Inc shares valued at $866,250 were divested by the Director at a price of $6.93 per share. As a result of the transaction, SUBIN NEIL S now holds 2,490,213 shares, worth roughly $21.79 million.
Oppenheimer downgraded its NextNav Inc [NN] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including R. F. Lafferty’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating.
Price Performance Review of NN
On Friday, NextNav Inc [NASDAQ:NN] saw its stock jump 6.06% to $8.75. Over the last five days, the stock has gained 10.62%. NextNav Inc shares have risen nearly 96.63% since the year began. Nevertheless, the stocks have risen 87.37% over the past one year. While a 52-week high of $9.50 was reached on 07/16/24, a 52-week low of $3.55 was recorded on 03/07/24. SMA at 50 days reached $7.48, while 200 days put it at $6.82.
Levels Of Support And Resistance For NN Stock
The 24-hour chart illustrates a support level at 8.41, which if violated will result in even more drops to 8.06. On the upside, there is a resistance level at 8.95. A further resistance level may holdings at 9.14. The Relative Strength Index (RSI) on the 14-day chart is 71.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.13%. Stochastics %K at 90.44% indicates the stock is a selling.
How much short interest is there in NextNav Inc?
A steep rise in short interest was recorded in NextNav Inc stocks on 2024-09-30, growing by 2.04 million shares to a total of 15.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.82 million shares. There was a rise of 12.85%, which implies that there is a positive sentiment for the stock.
