The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nuvectis Pharma Inc shares valued at $20,925 were purchased by BENTSUR RON on Dec 24 ’24. At $4.65 per share, BENTSUR RON acquired 4,500 shares. The insider’s holdings grew to 3,270,924 shares worth approximately $20.18 million following the completion of this transaction.
Also, Mosseri Marlio Charles purchased 17,000 shares, netting a total of over 79,900 in proceeds. Following the buying of shares at $4.70 each, the insider now holds 2,612,000 shares.
Before that, Poradosu Enrique had added 2,000 shares to its account. In a trade valued at $9,980, the Chief Science & Business Off bought Nuvectis Pharma Inc shares for $4.99 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $9.29 million.
As published in their initiating research note from Ladenburg Thalmann on July 13, 2022, Nuvectis Pharma Inc [NVCT] has been a Buy and the price target has been revised to $21.
Analyzing NVCT Stock Performance
During the last five days, there has been a surge of approximately 14.05%. Over the course of the year, Nuvectis Pharma Inc shares have jumped approximately 14.05%. Shares of the company reached a 52-week high of $6.75 on 01/07/25 and a 52-week low of $5.33 on 01/02/25. A 50-day SMA is recorded $5.99, while a 200-day SMA reached $6.57. Nevertheless, trading volume fell to 79186.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for Nuvectis Pharma Inc (NVCT)
According to the 24-hour chart, there is a support level at 5.92, which, if violated, would cause prices to drop to 5.66. In the upper region, resistance lies at 6.41. The next price resistance is at 6.64. RSI (Relative Strength Index) is 60.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 25.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
