Nuvation Bio Inc’s filing revealed that its Director Mashal Robert acquired Company’s shares for reported $0.22 million on Oct 08 ’24. In the deal valued at $2.20 per share,100,000 shares were bought. As a result of this transaction, Mashal Robert now holds 100,000 shares worth roughly $0.23 million.
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Then, Cui Xiangmin bought 277,895 shares, generating $825,348 in total proceeds. Upon buying the shares at $2.97, the Director now owns 2,453,131 shares.
Before that, Cui Xiangmin bought 336,874 shares. Nuvation Bio Inc shares valued at $1,003,885 were divested by the Director at a price of $2.98 per share. As a result of the transaction, Cui Xiangmin now holds 2,175,236 shares, worth roughly $5.0 million.
Jefferies upgraded its Nuvation Bio Inc [NUVB] rating to a Buy from a a Hold in a research note published on March 27, 2024; the price target was increased to $10 from $1.40. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Jefferies also remained covering NUVB and has decreased its forecast on January 06, 2023 with a “Hold” recommendation from previously “Buy” rating. BTIG Research revised its rating on August 02, 2022. It rated NUVB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NUVB
On Friday, Nuvation Bio Inc [NYSE:NUVB] saw its stock jump 4.07% to $2.30. Over the last five days, the stock has gained 4.07%. Nuvation Bio Inc shares have risen nearly 52.32% since the year began. Nevertheless, the stocks have risen 98.28% over the past one year. While a 52-week high of $4.16 was reached on 03/28/24, a 52-week low of $0.95 was recorded on 01/18/24. SMA at 50 days reached $2.61, while 200 days put it at $2.71.
Levels Of Support And Resistance For NUVB Stock
The 24-hour chart illustrates a support level at 2.24, which if violated will result in even more drops to 2.18. On the upside, there is a resistance level at 2.34. A further resistance level may holdings at 2.38. The Relative Strength Index (RSI) on the 14-day chart is 45.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.43%. Stochastics %K at 28.24% indicates the stock is a holding.
How much short interest is there in Nuvation Bio Inc?
A steep rise in short interest was recorded in Nuvation Bio Inc stocks on 2024-10-15, dropping by -10.26 million shares to a total of 9.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 20.23 million shares. There was a decline of -102.95%, which implies that there is a negative sentiment for the stock.
