Navitas Semiconductor Corp’s filing revealed that its Director Wunderlich Gary Kent JR unloaded Company’s shares for reported $0.34 million on Dec 10 ’24. In the deal valued at $4.50 per share,75,000 shares were sold. As a result of this transaction, Wunderlich Gary Kent JR now holds 395,224 shares worth roughly $ 1.32 million.
Then, HENDRIX RICHARD J sold 20,000 shares, generating $88,914 in total proceeds. Upon selling the shares at $4.45, the Director now owns 296,709 shares.
Before that, RICHARD J. HENDRIX bought 20,000 shares. Navitas Semiconductor Corp shares valued at $88,914 were divested by the DIRECTOR at a price of $4.45 per share.
Jefferies downgraded its Navitas Semiconductor Corp [NVTS] rating to a Hold from a a Buy in a research note published on May 13, 2024; the price target was decreased to $4 from $10. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid January with a ‘”a Market perform”‘ rating. Morgan Stanley began covering NVTS with “an Equal-weight” recommendation on August 29, 2023. Rosenblatt started covering the stock on February 24, 2022. It rated NVTS as “a Buy”.
Price Performance Review of NVTS
On Tuesday, Navitas Semiconductor Corp [NASDAQ:NVTS] saw its stock jump 11.00% to $3.33. Over the last five days, the stock has gained 14.43%. Navitas Semiconductor Corp shares have fallen nearly -6.72% since the year began. Nevertheless, the stocks have fallen -50.96% over the past one year. While a 52-week high of $7.40 was reached on 01/06/25, a 52-week low of $1.75 was recorded on 02/12/25. SMA at 50 days reached $3.40, while 200 days put it at $3.28.
Levels Of Support And Resistance For NVTS Stock
The 24-hour chart illustrates a support level at 3.03, which if violated will result in even more drops to 2.73. On the upside, there is a resistance level at 3.62. A further resistance level may holdings at 3.92. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.85%. Stochastics %K at 51.88% indicates the stock is a holding.
The most recent change occurred on February 17, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
