Nuvation Bio Inc [NUVB] Shares Fall -3.32 % on Wednesday

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nuvation Bio Inc shares valued at $220,000 were purchased by Mashal Robert on Oct 08 ’24. At $2.20 per share, Mashal Robert acquired 100,000 shares. The insider’s holdings grew to 100,000 shares worth approximately $0.23 million following the completion of this transaction.

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Also, Cui Xiangmin purchased 277,895 shares, netting a total of over 825,348 in proceeds. Following the buying of shares at $2.97 each, the insider now holds 2,453,131 shares.

Before that, Cui Xiangmin had added 336,874 shares to its account. In a trade valued at $1,003,885, the Director bought Nuvation Bio Inc shares for $2.98 each. Upon closing the transaction, the insider’s holdings increased to 336,874 shares, worth approximately $5.07 million.

As published in a research note from Jefferies on March 27, 2024, Nuvation Bio Inc [NUVB] has been rated up from a Hold to a Buy and the price target has been revised to $10 from $1.40. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of January 06, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for NUVB. Earlier on August 02, 2022, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for NUVB stock which previously was a “a Buy”.

Analyzing NUVB Stock Performance

During the last five days, there has been a drop of approximately -9.34%. Over the course of the year, Nuvation Bio Inc shares have jumped approximately 54.30%. Nevertheless, trading volume fell to 1.1 million shares from 1.8 million shares the previous day.