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Nerdy Inc (NRDY) receives a Mkt perform rating from Raymond James

Nerdy Inc’s filing revealed that its Chief Financial Officer Pello Jason H. unloaded Company’s shares for reported $29979.0 on Sep 16 ’24. In the deal valued at $0.99 per share,30,282 shares were sold. As a result of this transaction, Pello Jason H. now holds 2,325,918 shares worth roughly $2.21 million.

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Then, Blunt Abigail bought 51,000 shares, generating $46,410 in total proceeds. Upon buying the shares at $0.91, the Director now owns 101,045 shares.

Before that, Blunt Abigail bought 49,045 shares. Nerdy Inc shares valued at $44,631 were divested by the Director at a price of $0.91 per share. As a result of the transaction, Blunt Abigail now holds 50,045 shares, worth roughly $47542.75.

Raymond James downgraded its Nerdy Inc [NRDY] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Market perform”. JP Morgan also remained covering NRDY and has decreased its forecast on August 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Canaccord Genuity revised its rating on August 09, 2024. It rated NRDY as “a Hold” which previously was an “a Buy”.

Price Performance Review of NRDY

On Friday, Nerdy Inc [NYSE:NRDY] saw its stock fall -2.10% to $0.95. Over the last five days, the stock has lost -7.77%. Nerdy Inc shares have fallen nearly -72.30% since the year began. Nevertheless, the stocks have fallen -69.06% over the past one year. While a 52-week high of $3.60 was reached on 02/12/24, a 52-week low of $0.73 was recorded on 08/12/24. SMA at 50 days reached $1.0055, while 200 days put it at $2.0254.

Levels Of Support And Resistance For NRDY Stock

The 24-hour chart illustrates a support level at 0.9357, which if violated will result in even more drops to 0.9213. On the upside, there is a resistance level at 0.9787. A further resistance level may holdings at 1.0073. The Relative Strength Index (RSI) on the 14-day chart is 41.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0447, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.65%. Stochastics %K at 24.36% indicates the stock is a holding.

How much short interest is there in Nerdy Inc?

A steep rise in short interest was recorded in Nerdy Inc stocks on 2024-10-15, dropping by -0.39 million shares to a total of 6.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.57 million shares. There was a decline of -6.27%, which implies that there is a negative sentiment for the stock.

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