Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NN Inc shares valued at $37,400 were purchased by BENVENUTI RAYNARD D. on Aug 19 ’24. At $3.74 per share, BENVENUTI RAYNARD D. acquired 10,000 shares. The insider’s holdings grew to 301,104 shares worth approximately $0.8 million following the completion of this transaction.
Also, HARMAN JERI J purchased 6,849 shares, netting a total of over 24,930 in proceeds. Following the buying of shares at $3.64 each, the insider now holds 308,265 shares.
Before that, Carroll Christina had added 5,702 shares to its account. In a trade valued at $20,013, the Director bought NN Inc shares for $3.51 each. Upon closing the transaction, the insider’s holdings increased to 5,702 shares, worth approximately $0.71 million.
As published in their initiating research note from Noble Capital Markets on April 15, 2024, NN Inc [NNBR] has been an Outperform and the price target has been revised to $6. Analysts at Lake Street upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of March 18, 2022, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NNBR. Earlier on April 06, 2021, CJS Securities downgraded its rating. Their new recommendation was “a Market perform” for NNBR stock which previously was a “a Market outperform”.
Analyzing NNBR Stock Performance
During the last five days, there has been a drop of approximately -18.96%. Over the course of the year, NN Inc shares have dropped approximately -18.96%. Shares of the company reached a 52-week high of $3.40 on 01/06/25 and a 52-week low of $2.64 on 01/08/25. A 50-day SMA is recorded $3.69, while a 200-day SMA reached $3.65. Nevertheless, trading volume fell to 0.18 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for NN Inc (NNBR)
According to the 24-hour chart, there is a support level at 2.56, which, if violated, would cause prices to drop to 2.48. In the upper region, resistance lies at 2.81. The next price resistance is at 2.98. RSI (Relative Strength Index) is 22.51 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 99.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
