Nuvalent Inc’s filing revealed that its President and CEO Porter James Richard unloaded Company’s shares for reported $2.34 million on Dec 16 ’24. In the deal valued at $86.61 per share,27,000 shares were sold. As a result of this transaction, Porter James Richard now holds 188,113 shares worth roughly $15.55 million.
Then, Hack Andrew A. F. sold 1,250,000 shares, generating $110,000,000 in total proceeds. Upon selling the shares at $88.00, the Director now owns 1,447,267 shares.
Before that, BCIP Life Sciences Associates, bought 135,714 shares. Nuvalent Inc shares valued at $12,704,188 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 Tuesday, Nuvalent Inc [NASDAQ:NUVL] saw its stock fall -1.43% to $82.65. Over the last five days, the stock has lost -6.19%. Nuvalent Inc shares have risen nearly 12.31% since the year began. Nevertheless, the stocks have risen 13.03% 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 $92.54, while 200 days put it at $82.43.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 80.90, which if violated will result in even more drops to 79.14. On the upside, there is a resistance level at 84.62. A further resistance level may holdings at 86.58. The Relative Strength Index (RSI) on the 14-day chart is 30.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.94%. Stochastics %K at 14.72% 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.
