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BMO Capital Markets gives a Market perform recommendation for Enviri Corp (NVRI)

In a filing, Enviri Corp revealed its SVP and CFO Vadaketh Tom George acquired Company’s shares for reported $0.15 million on Nov 08 ’24. In the deal valued at $6.92 per share,21,956 shares were bought. As a result of this transaction, Vadaketh Tom George now holds 67,777 shares worth roughly $0.45 million.

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Then, Vadaketh Tom George bought 13,343 shares, generating $95,002 in total proceeds. Upon buying the shares at $7.12, the SVP and CFO now owns 81,120 shares.

Before that, EVERITT DAVID C sold 51,415 shares. Enviri Corp shares valued at $360,764 were divested by the Director at a price of $7.02 per share. As a result of the transaction, EVERITT DAVID C now holds 0 shares, worth roughly $0.0.

BMO Capital Markets initiated its Enviri Corp [NVRI] rating to a Market perform in a research note published on July 12, 2022; the price target was $7. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Argus also remained covering NVRI and has decreased its forecast on November 08, 2021 with a “Hold” recommendation from previously “Buy” rating. Argus revised its rating on May 07, 2021. It rated NVRI as “a Buy” which previously was an “a Hold”.

Price Performance Review of NVRI

On Monday, Enviri Corp [NYSE:NVRI] saw its stock fall -2.19% to $6.70. Over the last five days, the stock has lost -8.22%. Enviri Corp shares have fallen nearly -25.56% since the year began. Nevertheless, the stocks have risen 15.12% over the past one year. While a 52-week high of $12.79 was reached on 08/01/24, a 52-week low of $5.64 was recorded on 11/18/24. SMA at 50 days reached $9.42, while 200 days put it at $9.14.

Levels Of Support And Resistance For NVRI Stock

The 24-hour chart illustrates a support level at 6.59, which if violated will result in even more drops to 6.48. On the upside, there is a resistance level at 6.85. A further resistance level may holdings at 7.00. The Relative Strength Index (RSI) on the 14-day chart is 25.92, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.04%. Stochastics %K at 4.06% indicates the stock is a buying.

How much short interest is there in Enviri Corp?

A steep rise in short interest was recorded in Enviri Corp stocks on 2024-10-31, dropping by 24328.0 shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.55 million shares. There was a decline of -1.59%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 05, 2021 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $26.

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