Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NextNav Inc shares valued at $3,280,160 were sold by Sorond Mariam on Dec 03 ’24. At $16.40 per share, Sorond Mariam sold 200,000 shares. The insider’s holdings dropped to 1,574,117 shares worth approximately $27.06 million following the completion of this transaction.
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Also, Sorond Mariam sold 51,470 shares, netting a total of over 867,151 in proceeds. Following the sale of shares at $16.85 each, the insider now holds 1,522,647 shares.
Before that, MARIAM SOROND had added 251,470 shares to its account. In a trade valued at $4,337,858, the Director bought NextNav Inc shares for $17.25 each.
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 0.88%. Over the course of the year, NextNav Inc shares have jumped approximately 286.29%. Shares of the company reached a 52-week high of $18.10 on 11/29/24 and a 52-week low of $3.55 on 03/07/24. A 50-day SMA is recorded $12.82, while a 200-day SMA reached $8.76. Nevertheless, trading volume fell to 0.9 million shares from 1.07 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 16.91, which, if violated, would cause prices to drop to 16.63. In the upper region, resistance lies at 17.61. The next price resistance is at 18.03. RSI (Relative Strength Index) is 68.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 33.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
