Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nerdy Inc shares valued at $55,645 were sold by Pello Jason H. on Dec 16 ’24. At $1.84 per share, Pello Jason H. sold 30,242 shares. The insider’s holdings dropped to 2,225,186 shares worth approximately $3.56 million following the completion of this transaction.
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Also, Cohn Charles K. purchased 3,000,000 shares, netting a total of over 5,100,000 in proceeds. Following the buying of shares at $1.70 each, the insider now holds 28,509,191 shares.
Before that, Cohn Charles K. had added 2,000,000 shares to its account. In a trade valued at $3,980,000, the Chief Executive Officer bought Nerdy Inc shares for $1.99 each. Upon closing the transaction, the insider’s holdings increased to 2,000,000 shares, worth approximately $48.81 million.
As published in a research note from JP Morgan on November 11, 2024, Nerdy Inc [NRDY] has been rated down from a Neutral to an Underweight. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of November 08, 2024, Cantor Fitzgerald has decreased its “an Overweight” rating to a “Neutral” for NRDY. Earlier on August 09, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for NRDY stock which previously was a “an Outperform”.
Analyzing NRDY Stock Performance
Over the course of the year, Nerdy Inc shares have dropped approximately -53.35%. Shares of the company reached a 52-week high of $3.6000 on 02/12/24 and a 52-week low of $0.7269 on 08/12/24. A 50-day SMA is recorded $1.2097, while a 200-day SMA reached $1.6749. Nevertheless, trading volume fell to 2.52 million shares from 2.37 million shares the previous day.
Support And Resistance Levels for Nerdy Inc (NRDY)
According to the 24-hour chart, there is a support level at 1.5233, which, if violated, would cause prices to drop to 1.4467. In the upper region, resistance lies at 1.7333. The next price resistance is at 1.8667. RSI (Relative Strength Index) is 56.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0736, which suggests the price will decrease in the coming days. Percent R is at 73.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
