NovoCure Ltd’s recently made public that its Chief Operating Officer Paravasthu Mukund unloaded Company’s shares for reported $57906.0 on Jan 11 ’25. In the deal valued at $26.81 per share,2,160 shares were sold. As a result of this transaction, Paravasthu Mukund now holds 31,437 shares worth roughly $0.66 million.
Then, MUKUND PARAVASTHU bought 2,160 shares, generating $57,788 in total proceeds.
Before that, WILHELMUS C. GROENHUYSEN bought 266,085 shares. NovoCure Ltd shares valued at $7,929,333 were divested by the Officer at a price of $29.80 per share.
Evercore ISI upgraded its NovoCure Ltd [NVCR] rating to an Outperform from a an In-line in a research note published on December 02, 2024; the price target was increased to $30 from $18. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. H.C. Wainwright revised its rating on August 28, 2023. It rated NVCR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NVCR
On Tuesday, NovoCure Ltd [NASDAQ:NVCR] saw its stock fall -1.13% to $21.00. Over the last five days, the stock has lost -4.76%. NovoCure Ltd shares have fallen nearly -29.53% since the year began. Nevertheless, the stocks have risen 37.80% over the past one year. While a 52-week high of $34.13 was reached on 01/02/25, a 52-week low of $11.70 was recorded on 02/25/25. SMA at 50 days reached $26.62, while 200 days put it at $20.77.
Levels Of Support And Resistance For NVCR Stock
The 24-hour chart illustrates a support level at 20.55, which if violated will result in even more drops to 20.11. On the upside, there is a resistance level at 21.42. A further resistance level may holdings at 21.85. The Relative Strength Index (RSI) on the 14-day chart is 31.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.81%. Stochastics %K at 19.50% indicates the stock is a buying.
