Navitas Semiconductor Corp’s recently made public that its Director Wunderlich Gary Kent JR unloaded Company’s shares for reported $0.34 million on Dec 10 ’24. In the deal valued at $4.50 per share,75,000 shares were sold. As a result of this transaction, Wunderlich Gary Kent JR now holds 395,224 shares worth roughly $1.29 million.
Then, HENDRIX RICHARD J sold 20,000 shares, generating $88,914 in total proceeds. Upon selling the shares at $4.45, the Director now owns 296,709 shares.
Before that, RICHARD J. HENDRIX bought 20,000 shares. Navitas Semiconductor Corp shares valued at $88,914 were divested by the DIRECTOR at a price of $4.45 per share.
Jefferies downgraded its Navitas Semiconductor Corp [NVTS] rating to a Hold from a a Buy in a research note published on May 13, 2024; the price target was decreased to $4 from $10. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid January with a ‘”a Market perform”‘ rating. Morgan Stanley began covering NVTS with “an Equal-weight” recommendation on August 29, 2023. Rosenblatt started covering the stock on February 24, 2022. It rated NVTS as “a Buy”.
Price Performance Review of NVTS
On Friday, Navitas Semiconductor Corp [NASDAQ:NVTS] saw its stock fall -5.10% to $3.26. Over the last five days, the stock has lost -6.73%. Navitas Semiconductor Corp shares have fallen nearly -8.82% since the year began. Nevertheless, the stocks have fallen -54.54% over the past one year. While a 52-week high of $7.40 was reached on 01/06/25, a 52-week low of $1.75 was recorded on 01/10/25. SMA at 50 days reached $3.01, while 200 days put it at $3.43.
Levels Of Support And Resistance For NVTS Stock
The 24-hour chart illustrates a support level at 3.13, which if violated will result in even more drops to 3.01. On the upside, there is a resistance level at 3.39. A further resistance level may holdings at 3.53. The Relative Strength Index (RSI) on the 14-day chart is 46.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.55%. Stochastics %K at 34.90% indicates the stock is a holding.
How much short interest is there in Navitas Semiconductor Corp?
A steep rise in short interest was recorded in Navitas Semiconductor Corp stocks on 2024-12-13, dropping by -2.83 million shares to a total of 25.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 27.84 million shares. There was a decline of -11.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 17, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
