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. NextNav Inc shares valued at $1,687 were sold by Shams Sammaad on Dec 19 ’24. At $16.54 per share, Shams Sammaad sold 102 shares. The insider’s holdings dropped to 60,695 shares worth approximately $0.71 million following the completion of this transaction.
Also, SAMMAAD SHAMS purchased 102 shares, netting a total of over 1,680 in proceeds.
Before that, Raghupathy Arun had added 3,332 shares to its account. In a trade valued at $61,042, the Officer bought NextNav Inc shares for $18.32 each.
As published in a research note from B. Riley Securities on November 14, 2024, NextNav Inc [NN] has been retained to a Buy and the price target has been revised to $20. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in mid August. As of January 06, 2022, R. F. Lafferty has initiated its “Buy” rating for NN.
Analyzing NN Stock Performance
During the last five days, there has been a drop of approximately -6.38%. Over the course of the year, NextNav Inc shares have dropped approximately -24.61%. Shares of the company reached a 52-week high of $16.30 on 01/03/25 and a 52-week low of $10.68 on 01/06/25. A 50-day SMA is recorded $15.13, while a 200-day SMA reached $10.09. Nevertheless, trading volume fell to 1.28 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for NextNav Inc (NN)
According to the 24-hour chart, there is a support level at 11.40, which, if violated, would cause prices to drop to 11.07. In the upper region, resistance lies at 12.04. The next price resistance is at 12.35. RSI (Relative Strength Index) is 37.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 88.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
