Novanta Inc’s recently made public that its Chief Financial Officer Buckley Robert unloaded Company’s shares for reported $0.28 million on Dec 04 ’24. In the deal valued at $170.16 per share,1,617 shares were sold. As a result of this transaction, Buckley Robert now holds 120,419 shares worth roughly $16.65 million.
Then, Glastra Matthijs sold 2,000 shares, generating $337,017 in total proceeds. Upon selling the shares at $168.51, the Chief Executive Officer now owns 54,382 shares.
Before that, Buckley Robert sold 2,041 shares. Novanta Inc shares valued at $343,355 were divested by the Chief Financial Officer at a price of $168.23 per share. As a result of the transaction, Buckley Robert now holds 120,419 shares, worth roughly $16.65 million.
William Blair upgraded its Novanta Inc [NOVT] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. William Blair also remained covering NOVT and has decreased its forecast on April 02, 2020 with a “Mkt perform” recommendation from previously “an Outperform” rating. William Blair started covering the stock on February 27, 2018. It rated NOVT as “an Outperform”.
Price Performance Review of NOVT
On Friday, Novanta Inc [NASDAQ:NOVT] saw its stock fall -1.57% to $138.30. Over the last five days, the stock has lost -3.40%. Novanta Inc shares have fallen nearly -9.47% since the year began. Nevertheless, the stocks have fallen -12.18% over the past one year. While a 52-week high of $187.12 was reached on 01/06/25, a 52-week low of $139.78 was recorded on 02/24/25. SMA at 50 days reached $151.17, while 200 days put it at $165.78.
Levels Of Support And Resistance For NOVT Stock
The 24-hour chart illustrates a support level at 137.29, which if violated will result in even more drops to 136.29. On the upside, there is a resistance level at 140.16. A further resistance level may holdings at 142.02. The Relative Strength Index (RSI) on the 14-day chart is 29.90, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.78%. Stochastics %K at 9.33% indicates the stock is a buying.
The most recent change occurred on December 08, 2017 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $54 price target.
