Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NovoCure Ltd shares valued at $57,906 were sold by Paravasthu Mukund on Jan 11 ’25. At $26.81 per share, Paravasthu Mukund sold 2,160 shares. The insider’s holdings dropped to 31,437 shares worth approximately $0.85 million following the completion of this transaction.
Also, MUKUND PARAVASTHU purchased 2,160 shares, netting a total of over 57,788 in proceeds.
Before that, WILHELMUS C. GROENHUYSEN had added 266,085 shares to its account. In a trade valued at $7,929,333, the Officer bought NovoCure Ltd shares for $29.80 each.
As published in a research note from Evercore ISI on December 02, 2024, NovoCure Ltd [NVCR] has been rated up from an In-line to an Outperform and the price target has been revised to $30 from $18. Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. Earlier on August 28, 2023, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for NVCR stock which previously was a “a Buy”.
Analyzing NVCR Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, NovoCure Ltd shares have dropped approximately -9.33%. Shares of the company reached a 52-week high of $31.17 on 01/02/25 and a 52-week low of $25.46 on 01/16/25. A 50-day SMA is recorded $25.80, while a 200-day SMA reached $19.69. Nevertheless, trading volume fell to 0.67 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for NovoCure Ltd (NVCR)
According to the 24-hour chart, there is a support level at 26.65, which, if violated, would cause prices to drop to 26.27. In the upper region, resistance lies at 27.36. The next price resistance is at 27.69. RSI (Relative Strength Index) is 46.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 72.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
