Nuvalent Inc’s recently made public that its Director Hack Andrew A. F. unloaded Company’s shares for reported $110.0 million on Dec 11 ’24. In the deal valued at $88.00 per share,1,250,000 shares were sold. As a result of this transaction, Hack Andrew A. F. now holds 1,447,267 shares worth roughly $126.52 million.
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Then, BCIP Life Sciences Associates, bought 135,714 shares, generating $12,704,188 in total proceeds.
Before that, Bain Capital Life Sciences Fun bought 1,114,286 shares. Nuvalent Inc shares valued at $104,308,312 were divested by the Affiliate at a price of $93.61 per share.
UBS initiated its Nuvalent Inc [NUVL] rating to a Neutral in a research note published on October 24, 2024; the price target was $100. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Jefferies began covering NUVL with “Buy” recommendation on April 17, 2024. Leerink Partners revised its rating on April 01, 2024. It rated NUVL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of NUVL
On Monday, Nuvalent Inc [NASDAQ:NUVL] saw its stock jump 0.64% to $87.42. Over the last five days, the stock has lost -6.91%. Nuvalent Inc shares have risen nearly 18.79% since the year began. Nevertheless, the stocks have risen 10.66% over the past one year. While a 52-week high of $113.51 was reached on 09/16/24, a 52-week low of $61.79 was recorded on 04/19/24. SMA at 50 days reached $94.73, while 200 days put it at $82.41.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 86.02, which if violated will result in even more drops to 84.63. On the upside, there is a resistance level at 88.39. A further resistance level may holdings at 89.37. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.35%. Stochastics %K at 17.92% indicates the stock is a buying.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2024-11-29, dropping by 96271.0 shares to a total of 5.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.17 million shares. There was a decline of -1.9%, which implies that there is a negative sentiment for the stock.
