Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nkarta Inc shares valued at $27,168 were sold by Hager Alicia J. on Jul 16 ’24. At $8.00 per share, Hager Alicia J. sold 3,396 shares. The insider’s holdings dropped to 103,819 shares worth approximately $0.23 million following the completion of this transaction.
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Also, Trager James sold 456 shares, netting a total of over 2,554 in proceeds. Following the sale of shares at $5.60 each, the insider now holds 150,959 shares.
Before that, HASTINGS PAUL J had sold 1,770 shares from its account. In a trade valued at $9,912, the Chief Executive Officer traded Nkarta Inc shares for $5.60 each. Upon closing the transaction, the insider’s holdings decreased to 1,770 shares, worth approximately $0.52 million.
As published in their initiating research note from Rodman & Renshaw on October 09, 2024, Nkarta Inc [NKTX] has been a Buy and the price target has been revised to $14. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid August. As of March 22, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for NKTX. Earlier on December 22, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for NKTX stock which previously was a “an Outperform”.
Analyzing NKTX Stock Performance
During the last five days, there has been a drop of approximately -13.89%. Over the course of the year, Nkarta Inc shares have dropped approximately -67.12%. Shares of the company reached a 52-week high of $16.24 on 03/07/24 and a 52-week low of $2.13 on 12/18/24. A 50-day SMA is recorded $3.09, while a 200-day SMA reached $5.99. Nevertheless, trading volume fell to 1.63 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Nkarta Inc (NKTX)
According to the 24-hour chart, there is a support level at 2.07, which, if violated, would cause prices to drop to 1.97. In the upper region, resistance lies at 2.33. The next price resistance is at 2.49. RSI (Relative Strength Index) is 31.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 96.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
