Inotiv Inc’s recent filing unveils that its Director Landman David acquired Company’s shares for reported $99998.0 on Dec 19 ’24. In the deal valued at $4.25 per share,23,529 shares were bought. As a result of this transaction, Landman David now holds 176,851 shares worth roughly $0.84 million.
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Then, Beattie John Gregory bought 30,000 shares, generating $142,500 in total proceeds. Upon buying the shares at $4.75, the Chief Operating Officer now owns 161,761 shares.
Before that, Brown Nigel bought 7,500 shares. Inotiv Inc shares valued at $31,950 were divested by the Director at a price of $4.26 per share. As a result of the transaction, Brown Nigel now holds 65,537 shares, worth roughly $0.31 million.
Jefferies downgraded its Inotiv Inc [NOTV] rating to a Hold from a a Buy in a research note published on May 14, 2024; the price target was decreased to $3.75 from $11.50. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Wells Fargo began covering NOTV with “an Overweight” recommendation on July 20, 2023. Jefferies revised its rating on January 19, 2023. It rated NOTV as “a Hold” which previously was an “a Buy”.
Price Performance Review of NOTV
On Friday, Inotiv Inc [NASDAQ:NOTV] saw its stock fall -2.27% to $4.74. Over the last five days, the stock has gained 23.57%. Inotiv Inc shares have risen nearly 29.29% since the year began. Nevertheless, the stocks have risen 41.64% over the past one year. While a 52-week high of $11.42 was reached on 03/26/24, a 52-week low of $1.23 was recorded on 09/11/24. SMA at 50 days reached $3.25, while 200 days put it at $3.16.
Levels Of Support And Resistance For NOTV Stock
The 24-hour chart illustrates a support level at 4.44, which if violated will result in even more drops to 4.14. On the upside, there is a resistance level at 4.97. A further resistance level may holdings at 5.20. The Relative Strength Index (RSI) on the 14-day chart is 57.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.22%. Stochastics %K at 40.46% indicates the stock is a holding.
How much short interest is there in Inotiv Inc?
A steep rise in short interest was recorded in Inotiv Inc stocks on 2024-11-15, growing by 0.18 million shares to a total of 1.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.3 million shares. There was a rise of 12.0%, which implies that there is a positive sentiment for the stock.
