Inotiv Inc’s recent filing unveils that its Chief Operating Officer Beattie John Gregory acquired Company’s shares for reported $0.14 million on Dec 10 ’24. In the deal valued at $4.75 per share,30,000 shares were bought. As a result of this transaction, Beattie John Gregory now holds 161,761 shares worth roughly $0.96 million.
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Then, Brown Nigel bought 7,500 shares, generating $31,950 in total proceeds. Upon buying the shares at $4.26, the Director now owns 65,537 shares.
Before that, Harrington Michael J bought 10,000 shares. Inotiv Inc shares valued at $39,822 were divested by the Director at a price of $3.98 per share. As a result of the transaction, Harrington Michael J now holds 37,500 shares, worth roughly $0.22 million.
Jefferies downgraded its Inotiv Inc [NOTV] rating to a Hold from a a Buy in a research note published on May 14, 2024; the price target was decreased to $3.75 from $11.50. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Wells Fargo began covering NOTV with “an Overweight” recommendation on July 20, 2023. Jefferies revised its rating on January 19, 2023. It rated NOTV as “a Hold” which previously was an “a Buy”.
Price Performance Review of NOTV
On Friday, Inotiv Inc [NASDAQ:NOTV] saw its stock jump 26.06% to $5.95. Over the last five days, the stock has gained 56.58%. Inotiv Inc shares have risen nearly 62.13% since the year began. Nevertheless, the stocks have risen 115.58% over the past one year. While a 52-week high of $11.42 was reached on 03/26/24, a 52-week low of $1.23 was recorded on 09/11/24. SMA at 50 days reached $2.75, while 200 days put it at $3.32.
Levels Of Support And Resistance For NOTV Stock
The 24-hour chart illustrates a support level at 5.12, which if violated will result in even more drops to 4.29. On the upside, there is a resistance level at 6.54. A further resistance level may holdings at 7.13. The Relative Strength Index (RSI) on the 14-day chart is 77.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.11%. Stochastics %K at 85.40% indicates the stock is a selling.
How much short interest is there in Inotiv Inc?
A steep rise in short interest was recorded in Inotiv Inc stocks on 2024-11-15, growing by 0.18 million shares to a total of 1.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.3 million shares. There was a rise of 12.0%, which implies that there is a positive sentiment for the stock.
