Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nuvalent Inc shares valued at $442,980 were sold by Noci Darlene on Nov 01 ’24. At $88.60 per share, Noci Darlene sold 5,000 shares. The insider’s holdings dropped to 33,300 shares worth approximately $3.13 million following the completion of this transaction.
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Also, Balcom Alexandra sold 10,000 shares, netting a total of over 891,879 in proceeds. Following the sale of shares at $89.19 each, the insider now holds 33,300 shares.
Before that, Shair Matthew had sold 2,000 shares from its account. In a trade valued at $183,468, the Director traded Nuvalent Inc shares for $91.73 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $21.13 million.
As published in their initiating research note from UBS on October 24, 2024, Nuvalent Inc [NUVL] has been a Neutral and the price target has been revised to $100. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of April 17, 2024, Jefferies has initiated its “Buy” rating for NUVL. Earlier on April 01, 2024, Leerink Partners upgraded its rating. Their new recommendation was “an Outperform” for NUVL stock which previously was a “a Market perform”.
Analyzing NUVL Stock Performance
During the last five days, there has been a surge of approximately 4.27%. Over the course of the year, Nuvalent Inc shares have jumped approximately 27.86%. Shares of the company reached a 52-week high of $113.51 on 09/16/24 and a 52-week low of $61.79 on 04/19/24. A 50-day SMA is recorded $96.33, while a 200-day SMA reached $80.91. Nevertheless, trading volume fell to 0.52 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Nuvalent Inc (NUVL)
According to the 24-hour chart, there is a support level at 92.33, which, if violated, would cause prices to drop to 90.58. In the upper region, resistance lies at 96.07. The next price resistance is at 98.06. RSI (Relative Strength Index) is 47.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.91, which suggests the price will decrease in the coming days. Percent R is at 61.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
