In a filing, Navitas Semiconductor Corp revealed its Sr. V.P., CFO & Treasurer GLICKMAN TODD unloaded Company’s shares for reported $35338.0 on Feb 26 ’25. In the deal valued at $2.59 per share,13,644 shares were sold. As a result of this transaction, GLICKMAN TODD now holds 684,497 shares worth roughly $1.67 million.
Then, TODD GLICKMAN bought 13,644 shares, generating $35,338 in total proceeds.
Before that, Wunderlich Gary Kent JR sold 75,000 shares. Navitas Semiconductor Corp shares valued at $337,500 were divested by the Director at a price of $4.50 per share. As a result of the transaction, Wunderlich Gary Kent JR now holds 395,224 shares, worth roughly $0.96 million.
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 6.55% to $2.44. Over the last five days, the stock has gained 2.09%. Navitas Semiconductor Corp shares have fallen nearly -31.65% since the year began. Nevertheless, the stocks have fallen -60.26% over the past one year. While a 52-week high of $6.03 was reached on 01/06/25, a 52-week low of $1.75 was recorded on 03/04/25. SMA at 50 days reached $3.20, while 200 days put it at $3.20.
Levels Of Support And Resistance For NVTS Stock
The 24-hour chart illustrates a support level at 2.25, which if violated will result in even more drops to 2.05. On the upside, there is a resistance level at 2.58. A further resistance level may holdings at 2.72. The Relative Strength Index (RSI) on the 14-day chart is 40.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.52%. Stochastics %K at 10.97% indicates the stock is a buying.
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.
