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nVent Electric plc (NVT) receives an Overweight rating from KeyBanc Capital Markets

nVent Electric plc’s recently made public that its EVP & Chief Financial Officer Zawoyski Sara E unloaded Company’s shares for reported $1.11 million on Nov 12 ’24. In the deal valued at $76.76 per share,14,505 shares were sold. As a result of this transaction, Zawoyski Sara E now holds 62,215 shares worth roughly $4.53 million.

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Then, Zawoyski Sara E bought 14,505 shares, generating $1,113,404 in total proceeds.

Before that, Lammers Jon D. sold 67,297 shares. nVent Electric plc shares valued at $5,119,315 were divested by the EVP, Gen. Counsel & Secretary at a price of $76.07 per share. As a result of the transaction, Lammers Jon D. now holds 58,121 shares, worth roughly $4.23 million.

KeyBanc Capital Markets upgraded its nVent Electric plc [NVT] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Citigroup began covering NVT with “Buy” recommendation on October 03, 2023. Seaport Research Partners started covering the stock on August 07, 2023. It rated NVT as “a Neutral”.

Price Performance Review of NVT

On Friday, nVent Electric plc [NYSE:NVT] saw its stock fall -1.53% to $72.82. Over the last five days, the stock has lost -5.37%. nVent Electric plc shares have risen nearly 23.24% since the year began. Nevertheless, the stocks have risen 36.91% over the past one year. While a 52-week high of $86.57 was reached on 05/28/24, a 52-week low of $52.26 was recorded on 01/16/24. SMA at 50 days reached $71.40, while 200 days put it at $72.21.

Levels Of Support And Resistance For NVT Stock

The 24-hour chart illustrates a support level at 72.03, which if violated will result in even more drops to 71.24. On the upside, there is a resistance level at 73.99. A further resistance level may holdings at 75.16. The Relative Strength Index (RSI) on the 14-day chart is 47.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.97%. Stochastics %K at 65.02% indicates the stock is a holding.

How much short interest is there in nVent Electric plc?

A steep rise in short interest was recorded in nVent Electric plc stocks on 2024-10-31, dropping by 33742.0 shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.12 million shares. There was a decline of -1.62%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 27, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .

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