In a filing, NextNav Inc revealed its Officer Sammaad Shams acquired Company’s shares for reported $5799.0 on Sep 19 ’24. In the deal valued at $7.89 per share,735 shares were bought.
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Then, Shams Sammaad sold 735 shares, generating $5,799 in total proceeds. Upon selling the shares at $7.89, the Chief Accounting Officer now owns 61,353 shares.
Before that, SUBIN NEIL S bought 125,000 shares. NextNav Inc shares valued at $866,250 were divested by the Director at a price of $6.93 per share. As a result of the transaction, SUBIN NEIL S now holds 2,490,213 shares, worth roughly $35.41 million.
B. Riley Securities reiterated its NextNav Inc [NN] rating to a Buy in a research note published on November 14, 2024; the price target was $20. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Perform”. R. F. Lafferty began covering NN with “Buy” recommendation on January 06, 2022.
Price Performance Review of NN
On Friday, NextNav Inc [NASDAQ:NN] saw its stock jump 0.49% to $14.22. Over the last five days, the stock has lost -1.80%. NextNav Inc shares have risen nearly 219.55% since the year began. Nevertheless, the stocks have risen 194.41% over the past one year. While a 52-week high of $17.02 was reached on 11/14/24, a 52-week low of $3.55 was recorded on 03/07/24. SMA at 50 days reached $9.55, while 200 days put it at $7.65.
Levels Of Support And Resistance For NN Stock
The 24-hour chart illustrates a support level at 13.58, which if violated will result in even more drops to 12.93. On the upside, there is a resistance level at 14.74. A further resistance level may holdings at 15.25. The Relative Strength Index (RSI) on the 14-day chart is 71.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.36%. Stochastics %K at 58.23% indicates the stock is a holding.
How much short interest is there in NextNav Inc?
A steep rise in short interest was recorded in NextNav Inc stocks on 2024-10-31, dropping by -2.27 million shares to a total of 13.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.85 million shares. There was a decline of -16.74%, which implies that there is a negative sentiment for the stock.
