Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. nVent Electric plc shares valued at $351,123 were purchased by Faulconer Michael B on Mar 06 ’25. At $55.43 per share, Faulconer Michael B acquired 6,334 shares.
Also, BURRIS JERRY W sold 6,558 shares, netting a total of over 524,640 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 45,040 shares.
Before that, van der Kolk Robert J. had sold 4,000 shares from its account. In a trade valued at $312,644, the insider traded nVent Electric plc shares for $78.16 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $1.96 million.
As published in a research note from KeyBanc Capital Markets on September 04, 2024, nVent Electric plc [NVT] has been rated up from a Sector weight to an Overweight and the price target has been revised to $80. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of October 03, 2023, Citigroup has initiated its “Buy” rating for NVT. Earlier on August 07, 2023, Seaport Research Partners initiated its rating. Their recommendation was “a Neutral” for NVT stock.
Analyzing NVT Stock Performance
During the last five days, there has been a drop of approximately -7.33%. Over the course of the year, nVent Electric plc shares have dropped approximately -18.52%. Shares of the company reached a 52-week high of $78.36 on 01/22/25 and a 52-week low of $53.28 on 03/06/25. A 50-day SMA is recorded $66.62, while a 200-day SMA reached $71.46.
Support And Resistance Levels for nVent Electric plc (NVT)
According to the 24-hour chart, there is a support level at 53.75, which, if violated, would cause prices to drop to 51.96. In the upper region, resistance lies at 56.86. The next price resistance is at 58.18. RSI (Relative Strength Index) is 28.29 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.84, which suggests the price will decrease in the coming days. Percent R is at 86.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
