Nuvalent Inc’s filing revealed that its Director Shair Matthew unloaded Company’s shares for reported $0.17 million on Dec 23 ’24. In the deal valued at $83.78 per share,2,000 shares were sold. As a result of this transaction, Shair Matthew now holds 220,522 shares worth roughly $17.81 million.
Then, Porter James Richard sold 27,000 shares, generating $2,338,436 in total proceeds. Upon selling the shares at $86.61, the President and CEO now owns 188,113 shares.
Before that, Hack Andrew A. F. sold 1,250,000 shares. Nuvalent Inc shares valued at $110,000,000 were divested by the Director at a price of $88.00 per share. As a result of the transaction, Hack Andrew A. F. now holds 1,447,267 shares, worth roughly $116.91 million.
H.C. Wainwright initiated its Nuvalent Inc [NUVL] rating to a Buy in a research note published on December 30, 2024; the price target was $110. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. Barclays began covering NUVL with “an Overweight” recommendation on August 29, 2024. Jefferies started covering the stock on April 17, 2024. It rated NUVL as “a Buy”.
Price Performance Review of NUVL
On Friday, Nuvalent Inc [NASDAQ:NUVL] saw its stock jump 0.99% to $80.78. Over the last five days, the stock has lost -1.56%. Nuvalent Inc shares have risen nearly 3.19% since the year began. Nevertheless, the stocks have risen 9.87% over the past one year. While a 52-week high of $113.51 was reached on 01/03/25, a 52-week low of $61.79 was recorded on 01/02/25. SMA at 50 days reached $89.79, while 200 days put it at $82.34.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 79.76, which if violated will result in even more drops to 78.75. On the upside, there is a resistance level at 81.84. A further resistance level may holdings at 82.90. The Relative Strength Index (RSI) on the 14-day chart is 34.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.47%. Stochastics %K at 21.35% indicates the stock is a holding.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2024-12-13, dropping by 20139.0 shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.9 million shares. There was a decline of -0.41%, which implies that there is a negative sentiment for the stock.
