Nuvalent Inc’s filing revealed that its President and CEO Porter James Richard unloaded Company’s shares for reported $2.05 million on Jan 15 ’25. In the deal valued at $75.99 per share,27,000 shares were sold. As a result of this transaction, Porter James Richard now holds 249,062 shares worth roughly $20.48 million.
Then, James Richard Porter bought 81,000 shares, generating $5,863,590 in total proceeds.
Before that, Pelish Henry E. sold 2,483 shares. Nuvalent Inc shares valued at $197,854 were divested by the Chief Scientific Officer at a price of $79.68 per share. As a result of the transaction, Pelish Henry E. now holds 59,981 shares, worth roughly $4.93 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 -1.76% to $82.23. Over the last five days, the stock has gained 8.21%. Nuvalent Inc shares have risen nearly 5.05% since the year began. Nevertheless, the stocks have risen 6.89% over the past one year. While a 52-week high of $113.51 was reached on 01/23/25, a 52-week low of $61.79 was recorded on 01/13/25. SMA at 50 days reached $86.14, while 200 days put it at $82.52.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 81.39, which if violated will result in even more drops to 80.56. On the upside, there is a resistance level at 83.45. A further resistance level may holdings at 84.68. The Relative Strength Index (RSI) on the 14-day chart is 51.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.35%. Stochastics %K at 94.33% indicates the stock is a selling.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2024-12-31, growing by 0.61 million shares to a total of 5.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.08 million shares. There was a rise of 10.77%, which implies that there is a positive sentiment for the stock.
