Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nerdy Inc shares valued at $29,979 were sold by Pello Jason H. on Sep 16 ’24. At $0.99 per share, Pello Jason H. sold 30,282 shares. The insider’s holdings dropped to 2,325,918 shares worth approximately $2.21 million following the completion of this transaction.
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Also, Blunt Abigail purchased 51,000 shares, netting a total of over 46,410 in proceeds. Following the buying of shares at $0.91 each, the insider now holds 101,045 shares.
Before that, Blunt Abigail had added 49,045 shares to its account. In a trade valued at $44,631, the Director bought Nerdy Inc shares for $0.91 each. Upon closing the transaction, the insider’s holdings increased to 49,045 shares, worth approximately $47542.75.
As published in a research note from Raymond James on August 09, 2024, Nerdy Inc [NRDY] has been rated down from an Outperform to a Mkt perform. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early August. As of August 09, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for NRDY. Earlier on August 09, 2024, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for NRDY stock which previously was a “a Buy”.
Analyzing NRDY Stock Performance
During the last five days, there has been a drop of approximately -7.76%. Over the course of the year, Nerdy Inc shares have dropped approximately -72.30%. Nevertheless, trading volume fell to 1.65 million shares from 2.91 million shares the previous day.
Support And Resistance Levels for Nerdy Inc (NRDY)
RSI (Relative Strength Index) is 40.61 on the 14-day chart, showing neutral technical sentiment.
