NextNav Inc’s recently made public that its CEO, President and Director Sorond Mariam unloaded Company’s shares for reported $3.28 million on Dec 03 ’24. In the deal valued at $16.40 per share,200,000 shares were sold. As a result of this transaction, Sorond Mariam now holds 1,574,117 shares worth roughly $26.74 million.
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Then, Sorond Mariam sold 51,470 shares, generating $867,151 in total proceeds. Upon selling the shares at $16.85, the CEO, President and Director now owns 1,522,647 shares.
Before that, MARIAM SOROND bought 251,470 shares. NextNav Inc shares valued at $4,337,858 were divested by the Director at a price of $17.25 per share.
B. Riley Securities reiterated its NextNav Inc [NN] rating to a Buy in a research note published on November 14, 2024; the price target was $20. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Perform”. R. F. Lafferty began covering NN with “Buy” recommendation on January 06, 2022.
Price Performance Review of NN
On Monday, NextNav Inc [NASDAQ:NN] saw its stock fall -0.12% to $16.99. Over the last five days, the stock has lost -1.51%. NextNav Inc shares have risen nearly 281.80% since the year began. Nevertheless, the stocks have risen 331.22% over the past one year. While a 52-week high of $18.10 was reached on 11/29/24, a 52-week low of $3.55 was recorded on 03/07/24. SMA at 50 days reached $12.24, while 200 days put it at $8.56.
Levels Of Support And Resistance For NN Stock
The 24-hour chart illustrates a support level at 16.30, which if violated will result in even more drops to 15.60. On the upside, there is a resistance level at 17.65. A further resistance level may holdings at 18.30. The Relative Strength Index (RSI) on the 14-day chart is 68.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.26%. Stochastics %K at 71.78% indicates the stock is a holding.
How much short interest is there in NextNav Inc?
A steep rise in short interest was recorded in NextNav Inc stocks on 2024-11-15, dropping by -0.63 million shares to a total of 13.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.31 million shares. There was a decline of -4.58%, which implies that there is a negative sentiment for the stock.
