Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NVIDIA Corp shares valued at $20,502,578 were sold by STEVENS MARK A on Oct 09 ’24. At $132.27 per share, STEVENS MARK A sold 155,000 shares. The insider’s holdings dropped to 8,100,117 shares worth approximately $1.21 billion following the completion of this transaction.
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Also, STEVENS MARK A sold 125,000 shares, netting a total of over 15,325,950 in proceeds. Following the sale of shares at $122.61 each, the insider now holds 8,255,117 shares.
Before that, STEVENS MARK A had sold 40,000 shares from its account. In a trade valued at $4,840,356, the Director traded NVIDIA Corp shares for $121.01 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $1.25 billion.
As published in a research note from BofA Securities on October 18, 2024, NVIDIA Corp [NVDA] has been retained to a Buy and the price target has been revised to $190. Analysts at Goldman resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of September 18, 2024, William Blair has initiated its “an Outperform” rating for NVDA. Earlier on August 29, 2024, Needham resumed its rating. Their recommendation was “a Buy” for NVDA stock.
Analyzing NVDA Stock Performance
During the last five days, there has been a surge of approximately 12.14%. Over the course of the year, NVIDIA Corp shares have jumped approximately 200.63%. Shares of the company reached a 52-week high of $148.93 on 11/07/24 and a 52-week low of $47.32 on 01/03/24. A 50-day SMA is recorded $126.67, while a 200-day SMA reached $106.37. Nevertheless, trading volume fell to 203.74 million shares from 242.04 million shares the previous day.
Support And Resistance Levels for NVIDIA Corp (NVDA)
According to the 24-hour chart, there is a support level at 147.06, which, if violated, would cause prices to drop to 145.23. In the upper region, resistance lies at 149.82. The next price resistance is at 150.75. RSI (Relative Strength Index) is 67.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.19, which suggests the price will increase in the coming days. Percent R is at 0.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
