The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NextNav Inc shares valued at $16,025 were purchased by Arun Raghupathy on Nov 18 ’24. At $14.27 per share, Arun Raghupathy acquired 1,123 shares.
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Also, Raghupathy Arun sold 1,123 shares, netting a total of over 16,025 in proceeds. Following the sale of shares at $14.27 each, the insider now holds 1,090,351 shares.
Before that, Lantz Robert had sold 336 shares from its account. In a trade valued at $4,828, the General Counsel traded NextNav Inc shares for $14.37 each. Upon closing the transaction, the insider’s holdings decreased to 336 shares, worth approximately $1.35 million.
As published in a research note from B. Riley Securities on November 14, 2024, NextNav Inc [NN] has been retained to a Buy and the price target has been revised to $20. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in mid August. As of January 06, 2022, R. F. Lafferty has initiated its “Buy” rating for NN.
Analyzing NN Stock Performance
During the last five days, there has been a surge of approximately 13.20%. Over the course of the year, NextNav Inc shares have jumped approximately 244.94%. Shares of the company reached a 52-week high of $17.02 on 11/14/24 and a 52-week low of $3.55 on 03/07/24. A 50-day SMA is recorded $10.05, while a 200-day SMA reached $7.82. Nevertheless, trading volume fell to 1.2 million shares from 1.59 million shares the previous day.
Support And Resistance Levels for NextNav Inc (NN)
According to the 24-hour chart, there is a support level at 14.89, which, if violated, would cause prices to drop to 14.42. In the upper region, resistance lies at 16.18. The next price resistance is at 17.00. RSI (Relative Strength Index) is 70.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 31.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
