Enovix Corporation’s recently made public that its President and CEO Talluri Rajendra K unloaded Company’s shares for reported $2.81 million on Feb 27 ’25. In the deal valued at $9.35 per share,300,000 shares were sold. As a result of this transaction, Talluri Rajendra K now holds 2,045,301 shares worth roughly $16.69 million.
Then, Talluri Rajendra K bought 300,000 shares, generating $2,889,000 in total proceeds.
Before that, ATKINS BETSY S sold 75,000 shares. Enovix Corporation shares valued at $729,750 were divested by the Director at a price of $9.73 per share. As a result of the transaction, ATKINS BETSY S now holds 99,497 shares, worth roughly $0.81 million.
Janney downgraded its Enovix Corporation [ENVX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. William Blair began covering ENVX with “an Outperform” recommendation on December 18, 2023. TD Cowen revised its rating on July 21, 2023. It rated ENVX as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ENVX
On Monday, Enovix Corporation [NASDAQ:ENVX] saw its stock fall -8.52% to $8.16. Over the last five days, the stock has lost -16.90%. Enovix Corporation shares have fallen nearly -24.93% since the year began. Nevertheless, the stocks have fallen -13.74% over the past one year. While a 52-week high of $18.68 was reached on 01/07/25, a 52-week low of $5.70 was recorded on 03/03/25. SMA at 50 days reached $10.97, while 200 days put it at $11.11.
Levels Of Support And Resistance For ENVX Stock
The 24-hour chart illustrates a support level at 7.73, which if violated will result in even more drops to 7.31. On the upside, there is a resistance level at 8.84. A further resistance level may holdings at 9.53. The Relative Strength Index (RSI) on the 14-day chart is 28.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.14%. Stochastics %K at 5.03% indicates the stock is a buying.
The most recent change occurred on January 11, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
