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. Nerdy Inc shares valued at $780,174 were purchased by Cohn Charles K. on Nov 18 ’24. At $0.98 per share, Cohn Charles K. acquired 796,096 shares. The insider’s holdings grew to 21,976,049 shares worth approximately $27.47 million following the completion of this transaction.
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Also, Pello Jason H. sold 70,490 shares, netting a total of over 74,719 in proceeds. Following the sale of shares at $1.06 each, the insider now holds 2,255,428 shares.
Before that, CHRISTOPHER C SWENSON had added 35,000 shares to its account. In a trade valued at $43,522, the Officer bought Nerdy Inc shares for $1.24 each.
As published in a research note from JP Morgan on November 11, 2024, Nerdy Inc [NRDY] has been rated down from a Neutral to an Underweight. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of November 08, 2024, Cantor Fitzgerald has decreased its “an Overweight” rating to a “Neutral” for NRDY. Earlier on August 09, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for NRDY stock which previously was a “an Outperform”.
Analyzing NRDY Stock Performance
During the last five days, there has been a surge of approximately 52.57%. Over the course of the year, Nerdy Inc shares have dropped approximately -63.56%. Shares of the company reached a 52-week high of $3.6000 on 02/12/24 and a 52-week low of $0.7269 on 08/12/24. A 50-day SMA is recorded $0.9771, while a 200-day SMA reached $1.8258. Nevertheless, trading volume fell to 2.5 million shares from 6.45 million shares the previous day.
Support And Resistance Levels for Nerdy Inc (NRDY)
According to the 24-hour chart, there is a support level at 1.1600, which, if violated, would cause prices to drop to 1.0700. In the upper region, resistance lies at 1.3100. The next price resistance is at 1.3700. RSI (Relative Strength Index) is 70.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2300, which suggests the price will decrease in the coming days. Percent R is at 5.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
