NN Inc’s recent filing unveils that its Director BENVENUTI RAYNARD D. acquired Company’s shares for reported $37400.0 on Aug 19 ’24. In the deal valued at $3.74 per share,10,000 shares were bought. As a result of this transaction, BENVENUTI RAYNARD D. now holds 301,104 shares worth roughly $0.81 million.
Then, HARMAN JERI J bought 6,849 shares, generating $24,930 in total proceeds. Upon buying the shares at $3.64, the Director now owns 308,265 shares.
Before that, Carroll Christina bought 5,702 shares. NN Inc shares valued at $20,013 were divested by the Director at a price of $3.51 per share. As a result of the transaction, Carroll Christina now holds 266,999 shares, worth roughly $0.72 million.
Noble Capital Markets initiated its NN Inc [NNBR] rating to an Outperform in a research note published on April 15, 2024; the price target was $6. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. KeyBanc Capital Markets also remained covering NNBR and has decreased its forecast on March 18, 2022 with a “Sector weight” recommendation from previously “an Overweight” rating. CJS Securities revised its rating on April 06, 2021. It rated NNBR as “a Market perform” which previously was an “a Market outperform”.
Price Performance Review of NNBR
On Tuesday, NN Inc [NASDAQ:NNBR] saw its stock jump 12.08% to $2.69. Over the last five days, the stock has lost -15.41%. NN Inc shares have fallen nearly -17.74% since the year began. Nevertheless, the stocks have fallen -35.95% over the past one year. While a 52-week high of $5.40 was reached on 01/14/25, a 52-week low of $2.38 was recorded on 01/13/25. SMA at 50 days reached $3.60, while 200 days put it at $3.61.
Levels Of Support And Resistance For NNBR Stock
The 24-hour chart illustrates a support level at 1.87, which if violated will result in even more drops to 1.05. On the upside, there is a resistance level at 4.09. A further resistance level may holdings at 5.49. The Relative Strength Index (RSI) on the 14-day chart is 32.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.46%. Stochastics %K at 5.24% indicates the stock is a buying.
How much short interest is there in NN Inc?
A steep rise in short interest was recorded in NN Inc stocks on 2024-12-31, growing by 0.4 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.81 million shares. There was a rise of 18.05%, which implies that there is a positive sentiment for the stock.
