Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NextNav Inc shares valued at $5,799 were purchased by Sammaad Shams on Sep 19 ’24. At $7.89 per share, Sammaad Shams acquired 735 shares.
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Also, Shams Sammaad sold 735 shares, netting a total of over 5,799 in proceeds. Following the sale of shares at $7.89 each, the insider now holds 61,353 shares.
Before that, SUBIN NEIL S had added 125,000 shares to its account. In a trade valued at $866,250, the Director bought NextNav Inc shares for $6.93 each. Upon closing the transaction, the insider’s holdings increased to 125,000 shares, worth approximately $25.35 million.
As published in a research note from Oppenheimer on August 12, 2022, NextNav Inc [NN] has been rated down from an Outperform to a Perform. Analysts at R. F. Lafferty started covering the stock with ‘”a Buy”‘ outlook in a report released in early January.
Analyzing NN Stock Performance
During the last five days, there has been a surge of approximately 27.25%. Over the course of the year, NextNav Inc shares have jumped approximately 128.76%. Shares of the company reached a 52-week high of $10.22 on 10/23/24 and a 52-week low of $3.55 on 03/07/24. A 50-day SMA is recorded $7.63, while a 200-day SMA reached $6.90. Nevertheless, trading volume fell to 1.04 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for NextNav Inc (NN)
According to the 24-hour chart, there is a support level at 9.95, which, if violated, would cause prices to drop to 9.73. In the upper region, resistance lies at 10.31. The next price resistance is at 10.45. RSI (Relative Strength Index) is 82.37 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 1.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
