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. NVIDIA Corp shares valued at $5,509,502 were sold by Puri Ajay K on Jan 06 ’25. At $151.10 per share, Puri Ajay K sold 36,462 shares. The insider’s holdings dropped to 3,902,888 shares worth approximately $574.0 million following the completion of this transaction.
Also, Puri Ajay K sold 233 shares, netting a total of over 35,281 in proceeds. Following the sale of shares at $151.42 each, the insider now holds 3,902,655 shares.
Before that, Puri Ajay K had added 204,890 shares to its account. In a trade valued at $30,733,500, the Officer bought NVIDIA Corp shares for $150.00 each.
As published in a research note from Wells Fargo on November 21, 2024, NVIDIA Corp [NVDA] has been retained to an Overweight and the price target has been revised to $185. Analysts at Truist resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of November 21, 2024, The Benchmark Company has reiterated its “Buy” rating for NVDA. Earlier on November 21, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for NVDA stock.
Analyzing NVDA Stock Performance
During the last five days, there has been a surge of approximately 11.62%. Over the course of the year, NVIDIA Corp shares have jumped approximately 9.52%. Shares of the company reached a 52-week high of $153.13 on 01/07/25 and a 52-week low of $129.51 on 01/13/25. A 50-day SMA is recorded $139.67, while a 200-day SMA reached $121.02. Nevertheless, trading volume fell to 235.24 million shares from 197.75 million shares the previous day.
Support And Resistance Levels for NVIDIA Corp (NVDA)
According to the 24-hour chart, there is a support level at 144.56, which, if violated, would cause prices to drop to 142.06. In the upper region, resistance lies at 148.68. The next price resistance is at 150.30. RSI (Relative Strength Index) is 59.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.08, which suggests the price will increase in the coming days. Percent R is at 25.66%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
