Nuvalent Inc’s recent filing unveils that its Director Shair Matthew unloaded Company’s shares for reported $0.17 million on Jan 27 ’25. In the deal valued at $82.79 per share,2,000 shares were sold. As a result of this transaction, Shair Matthew now holds 218,522 shares worth roughly $ 17.03 million.
Then, Porter James Richard sold 27,000 shares, generating $2,051,777 in total proceeds. Upon selling the shares at $75.99, the President and CEO now owns 249,062 shares.
Before that, James Richard Porter bought 81,000 shares. Nuvalent Inc shares valued at $5,863,590 were divested by the Officer at a price of $72.39 per share.
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 -3.73% to $77.93. Over the last five days, the stock has lost -9.05%. Nuvalent Inc shares have fallen nearly -0.45% since the year began. Nevertheless, the stocks have fallen -3.19% over the past one year. While a 52-week high of $113.51 was reached on 02/06/25, a 52-week low of $61.79 was recorded on 01/13/25. SMA at 50 days reached $83.65, while 200 days put it at $83.90.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 75.44, which if violated will result in even more drops to 72.96. On the upside, there is a resistance level at 82.81. A further resistance level may holdings at 87.70. The Relative Strength Index (RSI) on the 14-day chart is 38.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.34%. Stochastics %K at 6.78% indicates the stock is a buying.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2025-01-31, growing by 35259.0 shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.69 million shares. There was a rise of 0.62%, which implies that there is a positive sentiment for the stock.
