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.
Support And Resistance Levels for Nuvation Bio Inc (NUVB)
RSI (Relative Strength Index) is 44.81 on the 14-day chart, showing neutral technical sentiment.
