Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NVIDIA Corp shares valued at $131,263,863 were sold by COXE TENCH on Dec 16 ’24. At $131.26 per share, COXE TENCH sold 1,000,000 shares. The insider’s holdings dropped to 28,671,360 shares worth approximately $3.85 billion following the completion of this transaction.
Also, COXE TENCH purchased 1,000,000 shares, netting a total of over 134,250,000 in proceeds.
Before that, Kress Colette had sold 66,670 shares from its account. In a trade valued at $9,027,318, the EVP & Chief Financial Officer traded NVIDIA Corp shares for $135.40 each. Upon closing the transaction, the insider’s holdings decreased to 66,670 shares, worth approximately $450.08 million.
As published in a research note from Wells Fargo on November 21, 2024, NVIDIA Corp [NVDA] has been retained to an Overweight and the price target has been revised to $185. Analysts at Truist resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of November 21, 2024, The Benchmark Company has reiterated its “Buy” rating for NVDA. Earlier on November 21, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for NVDA stock.
Analyzing NVDA Stock Performance
During the last five days, there has been a drop of approximately -3.85%. Over the course of the year, NVIDIA Corp shares have jumped approximately 171.17%. Shares of the company reached a 52-week high of $152.89 on 11/21/24 and a 52-week low of $47.32 on 01/03/24. A 50-day SMA is recorded $139.89, while a 200-day SMA reached $117.86. Nevertheless, trading volume fell to 154.91 million shares from 169.53 million shares the previous day.
Support And Resistance Levels for NVIDIA Corp (NVDA)
According to the 24-hour chart, there is a support level at 132.72, which, if violated, would cause prices to drop to 131.16. In the upper region, resistance lies at 136.96. The next price resistance is at 139.64. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 50.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
