NVIDIA Corp’s recent filing unveils that its Director STEVENS MARK A unloaded Company’s shares for reported $20.5 million on Oct 09 ’24. In the deal valued at $132.27 per share,155,000 shares were sold. As a result of this transaction, STEVENS MARK A now holds 8,100,117 shares worth roughly $1.1 billion.
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Then, STEVENS MARK A sold 125,000 shares, generating $15,325,950 in total proceeds. Upon selling the shares at $122.61, the Director now owns 8,255,117 shares.
Before that, STEVENS MARK A sold 40,000 shares. NVIDIA Corp shares valued at $4,840,356 were divested by the Director at a price of $121.01 per share. As a result of the transaction, STEVENS MARK A now holds 8,380,117 shares, worth roughly $1.14 billion.
BofA Securities reiterated its NVIDIA Corp [NVDA] rating to a Buy in a research note published on October 18, 2024; the price target was $190. A number of analysts have revised their coverage, including Goldman’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. William Blair began covering NVDA with “an Outperform” recommendation on September 18, 2024. Needham maintained its rating on August 29, 2024. It rated NVDA as “a Buy”.
Price Performance Review of NVDA
On Monday, NVIDIA Corp [NASDAQ:NVDA] saw its stock jump 0.48% to $136.05. Over the last five days, the stock has lost -3.18%. NVIDIA Corp shares have risen nearly 174.73% since the year began. Nevertheless, the stocks have risen 212.72% over the past one year. While a 52-week high of $144.42 was reached on 10/22/24, a 52-week low of $42.89 was recorded on 01/03/24. SMA at 50 days reached $125.59, while 200 days put it at $105.10.
Levels Of Support And Resistance For NVDA Stock
The 24-hour chart illustrates a support level at 134.76, which if violated will result in even more drops to 133.47. On the upside, there is a resistance level at 138.15. A further resistance level may holdings at 140.25. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.19%. Stochastics %K at 34.31% indicates the stock is a holding.
How much short interest is there in NVIDIA Corp?
A steep rise in short interest was recorded in NVIDIA Corp stocks on 2024-10-15, dropping by -19.5 million shares to a total of 255.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 275.33 million shares. There was a decline of -7.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 19, 2024 when Goldman resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $135.
