Nerdy Inc’s filing revealed that its Chief Executive Officer Cohn Charles K. acquired Company’s shares for reported $0.92 million on Nov 20 ’24. In the deal valued at $1.23 per share,746,335 shares were bought. As a result of this transaction, Cohn Charles K. now holds 24,223,884 shares worth roughly $33.91 million.
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Then, Swenson Christopher C. sold 35,000 shares, generating $43,400 in total proceeds. Upon selling the shares at $1.24, the Chief Legal Officer now owns 1,768,248 shares.
Before that, Cohn Charles K. bought 1,501,500 shares. Nerdy Inc shares valued at $1,816,815 were divested by the Chief Executive Officer at a price of $1.21 per share. As a result of the transaction, Cohn Charles K. now holds 23,477,549 shares, worth roughly $32.87 million.
JP Morgan downgraded its Nerdy Inc [NRDY] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early November from “a Mkt outperform” to “a Mkt perform”. Cantor Fitzgerald also remained covering NRDY and has decreased its forecast on November 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Raymond James revised its rating on August 09, 2024. It rated NRDY as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NRDY
On Friday, Nerdy Inc [NYSE:NRDY] saw its stock jump 6.06% to $1.40. Over the last five days, the stock has gained 46.46%. Nerdy Inc shares have fallen nearly -59.18% since the year began. Nevertheless, the stocks have fallen -45.53% over the past one year. While a 52-week high of $3.60 was reached on 02/12/24, a 52-week low of $0.73 was recorded on 08/12/24. SMA at 50 days reached $0.9944, while 200 days put it at $1.8063.
Levels Of Support And Resistance For NRDY Stock
The 24-hour chart illustrates a support level at 1.3267, which if violated will result in even more drops to 1.2533. On the upside, there is a resistance level at 1.4667. A further resistance level may holdings at 1.5333. The Relative Strength Index (RSI) on the 14-day chart is 75.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3130, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.49%. Stochastics %K at 93.60% indicates the stock is a selling.
How much short interest is there in Nerdy Inc?
A steep rise in short interest was recorded in Nerdy Inc stocks on 2024-10-31, growing by 86185.0 shares to a total of 5.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.29 million shares. There was a rise of 1.6%, which implies that there is a positive sentiment for the stock.
