NovoCure Ltd’s recently made public that its Chief Human Resources Officer Puri Michal Nath unloaded Company’s shares for reported $12792.0 on Oct 31 ’24. In the deal valued at $15.79 per share,810 shares were sold. As a result of this transaction, Puri Michal Nath now holds 110,093 shares worth roughly $1.83 million.
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Then, Leonard Frank X sold 598 shares, generating $9,531 in total proceeds. Upon selling the shares at $15.94, the EVP, Pres., Novocure Oncology now owns 161,236 shares.
Before that, Paravasthu Mukund sold 160 shares. NovoCure Ltd shares valued at $2,540 were divested by the Chief Operating Officer at a price of $15.88 per share. As a result of the transaction, Paravasthu Mukund now holds 3,503 shares, worth roughly $58219.86.
H.C. Wainwright upgraded its NovoCure Ltd [NVCR] rating to a Buy from a a Neutral in a research note published on October 16, 2024; the price target was increased to $30 from $24. H.C. Wainwright also remained covering NVCR and has decreased its forecast on August 28, 2023 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on August 08, 2023. It rated NVCR as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NVCR
On Tuesday, NovoCure Ltd [NASDAQ:NVCR] saw its stock jump 0.18% to $16.62. Over the last five days, the stock has lost -1.60%. NovoCure Ltd shares have risen nearly 11.32% since the year began. Nevertheless, the stocks have risen 20.61% over the past one year. While a 52-week high of $24.74 was reached on 05/20/24, a 52-week low of $10.87 was recorded on 04/23/24. SMA at 50 days reached $16.67, while 200 days put it at $16.95.
Levels Of Support And Resistance For NVCR Stock
The 24-hour chart illustrates a support level at 16.02, which if violated will result in even more drops to 15.41. On the upside, there is a resistance level at 17.10. A further resistance level may holdings at 17.57. The Relative Strength Index (RSI) on the 14-day chart is 51.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.31%. Stochastics %K at 32.32% indicates the stock is a holding.
How much short interest is there in NovoCure Ltd?
A steep rise in short interest was recorded in NovoCure Ltd stocks on 2024-10-15, dropping by -0.33 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.11 million shares. There was a decline of -5.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 04, 2023 when SVB Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $51 price target.
