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. Inotiv Inc shares valued at $94,298 were sold by Leasure Robert Jr. on Jan 31 ’25. At $4.15 per share, Leasure Robert Jr. sold 22,700 shares. The insider’s holdings dropped to 1,030,209 shares worth approximately $3.85 million following the completion of this transaction.
Also, Taylor Beth sold 2,054 shares, netting a total of over 9,171 in proceeds. Following the sale of shares at $4.46 each, the insider now holds 112,738 shares.
Before that, Sagartz John E had sold 2,118 shares from its account. In a trade valued at $9,479, the Chief Strategy Officer traded Inotiv Inc shares for $4.48 each. Upon closing the transaction, the insider’s holdings decreased to 2,118 shares, worth approximately $2.66 million.
As published in a research note from Jefferies on May 14, 2024, Inotiv Inc [NOTV] has been rated down from a Buy to a Hold and the price target has been revised to $3.75 from $11.50. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of July 20, 2023, Wells Fargo has initiated its “an Overweight” rating for NOTV. Earlier on January 19, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for NOTV stock which previously was a “a Buy”.
Analyzing NOTV Stock Performance
During the last five days, there has been a drop of approximately -10.53%. Over the course of the year, Inotiv Inc shares have dropped approximately -9.66%. Shares of the company reached a 52-week high of $5.67 on 01/06/25 and a 52-week low of $3.50 on 02/07/25. A 50-day SMA is recorded $4.39, while a 200-day SMA reached $2.67. Nevertheless, trading volume fell to 0.51 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Inotiv Inc (NOTV)
According to the 24-hour chart, there is a support level at 3.65, which, if violated, would cause prices to drop to 3.55. In the upper region, resistance lies at 3.86. The next price resistance is at 3.97. RSI (Relative Strength Index) is 42.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 81.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
