Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Novanta Inc shares valued at $275,149 were sold by Buckley Robert on Dec 04 ’24. At $170.16 per share, Buckley Robert sold 1,617 shares. The insider’s holdings dropped to 120,419 shares worth approximately $18.27 million following the completion of this transaction.
Also, Glastra Matthijs sold 2,000 shares, netting a total of over 337,017 in proceeds. Following the sale of shares at $168.51 each, the insider now holds 54,382 shares.
Before that, Buckley Robert had sold 2,041 shares from its account. In a trade valued at $343,355, the Chief Financial Officer traded Novanta Inc shares for $168.23 each. Upon closing the transaction, the insider’s holdings decreased to 2,041 shares, worth approximately $18.27 million.
As published in a research note from William Blair on May 11, 2022, Novanta Inc [NOVT] has been rated up from a Mkt perform to an Outperform. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of April 02, 2020, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for NOVT. Earlier on February 27, 2018, William Blair initiated its rating. Their recommendation was “an Outperform” for NOVT stock.
Analyzing NOVT Stock Performance
During the last five days, there has been a drop of approximately -0.68%. Over the course of the year, Novanta Inc shares have dropped approximately -0.68%. Shares of the company reached a 52-week high of $155.39 on 01/06/25 and a 52-week low of $145.02 on 01/08/25. A 50-day SMA is recorded $165.48, while a 200-day SMA reached $168.16. Nevertheless, trading volume fell to 0.22 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Novanta Inc (NOVT)
According to the 24-hour chart, there is a support level at 146.72, which, if violated, would cause prices to drop to 141.71. In the upper region, resistance lies at 155.04. The next price resistance is at 158.35. RSI (Relative Strength Index) is 36.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 70.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
