Nuvalent Inc’s filing revealed that its Chief Scientific Officer Pelish Henry E. unloaded Company’s shares for reported $0.2 million on Jan 06 ’25. In the deal valued at $79.68 per share,2,483 shares were sold. As a result of this transaction, Pelish Henry E. now holds 59,981 shares worth roughly $4.6 million.
Then, Noci Darlene sold 4,016 shares, generating $320,009 in total proceeds. Upon selling the shares at $79.68, the Chief Development Officer now owns 48,034 shares.
Before that, Miller Deborah Ann sold 2,964 shares. Nuvalent Inc shares valued at $236,182 were divested by the Chief Legal Officer at a price of $79.68 per share. As a result of the transaction, Miller Deborah Ann now holds 49,086 shares, worth roughly $3.76 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 fall -2.10% to $76.61. Over the last five days, the stock has lost -4.23%. Nuvalent Inc shares have fallen nearly -2.13% since the year began. Nevertheless, the stocks have risen 5.25% 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 01/10/25. SMA at 50 days reached $88.64, 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 75.34, which if violated will result in even more drops to 74.07. On the upside, there is a resistance level at 77.83. A further resistance level may holdings at 79.05. The Relative Strength Index (RSI) on the 14-day chart is 30.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.02%. Stochastics %K at 13.06% indicates the stock is a buying.
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.