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. Novanta Inc shares valued at $1,347,786 were sold by Glastra Matthijs on Nov 11 ’24. At $179.70 per share, Glastra Matthijs sold 7,500 shares. The insider’s holdings dropped to 56,382 shares worth approximately $9.25 million following the completion of this transaction.
Also, Glastra Matthijs purchased 7,500 shares, netting a total of over 1,347,792 in proceeds.
Before that, Buckley Robert had sold 3,660 shares from its account. In a trade valued at $660,184, the Chief Financial Officer traded Novanta Inc shares for $180.38 each. Upon closing the transaction, the insider’s holdings decreased to 3,660 shares, worth approximately $19.75 million.
As published in a research note from William Blair on May 11, 2022, Novanta Inc [NOVT] has been rated up from a Mkt perform to an Outperform. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of April 02, 2020, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for NOVT. Earlier on February 27, 2018, William Blair initiated its rating. Their recommendation was “an Outperform” for NOVT stock.
Analyzing NOVT Stock Performance
During the last five days, there has been a drop of approximately -0.55%. Over the course of the year, Novanta Inc shares have dropped approximately -2.60%. Shares of the company reached a 52-week high of $187.12 on 07/17/24 and a 52-week low of $146.86 on 04/19/24. A 50-day SMA is recorded $173.62, while a 200-day SMA reached $169.35. Nevertheless, trading volume fell to 0.17 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Novanta Inc (NOVT)
According to the 24-hour chart, there is a support level at 162.41, which, if violated, would cause prices to drop to 160.79. In the upper region, resistance lies at 166.85. The next price resistance is at 169.68. RSI (Relative Strength Index) is 41.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 92.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
