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. Energy Vault Holdings Inc shares valued at $17,743 were sold by Piconi Robert on Dec 13 ’24. At $1.83 per share, Piconi Robert sold 9,697 shares. The insider’s holdings dropped to 17,613,664 shares worth approximately $25.89 million following the completion of this transaction.
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Also, Ladwa Akshay sold 23,557 shares, netting a total of over 43,102 in proceeds. Following the sale of shares at $1.83 each, the insider now holds 1,462,364 shares.
Before that, Wiese Christopher had sold 9,854 shares from its account. In a trade valued at $18,030, the Chief Operating Officer traded Energy Vault Holdings Inc shares for $1.83 each. Upon closing the transaction, the insider’s holdings decreased to 9,854 shares, worth approximately $1.42 million.
As published in a research note from Chardan Capital Markets on April 08, 2024, Energy Vault Holdings Inc [NRGV] has been rated down from a Buy to a Sell. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid March. As of January 16, 2024, ROTH MKM has initiated its “Buy” rating for NRGV. Earlier on March 06, 2023, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for NRGV stock which previously was a “a Buy”.
Analyzing NRGV Stock Performance
During the last five days, there has been a drop of approximately -22.63%. Over the course of the year, Energy Vault Holdings Inc shares have dropped approximately -36.91%. Shares of the company reached a 52-week high of $2.3800 on 01/02/24 and a 52-week low of $0.7800 on 09/13/24. A 50-day SMA is recorded $1.6881, while a 200-day SMA reached $1.3131. Nevertheless, trading volume fell to 2.98 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Energy Vault Holdings Inc (NRGV)
According to the 24-hour chart, there is a support level at 1.3383, which, if violated, would cause prices to drop to 1.2067. In the upper region, resistance lies at 1.7133. The next price resistance is at 1.9567. RSI (Relative Strength Index) is 40.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0776, which suggests the price will decrease in the coming days. Percent R is at 97.26%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
