Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nuvalent Inc shares valued at $2,155,857 were sold by Noci Darlene on Mar 06 ’25. At $71.86 per share, Noci Darlene sold 30,000 shares. The insider’s holdings dropped to 48,034 shares worth approximately $3.48 million following the completion of this transaction.
Also, Noci Darlene sold 4,000 shares, netting a total of over 287,721 in proceeds. Following the sale of shares at $71.93 each, the insider now holds 48,034 shares.
Before that, Darlene Noci had added 46,000 shares to its account. In a trade valued at $3,526,800, the Officer bought Nuvalent Inc shares for $76.67 each.
As published in their initiating research note from H.C. Wainwright on December 30, 2024, Nuvalent Inc [NUVL] has been a Buy and the price target has been revised to $110. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late October. As of August 29, 2024, Barclays has initiated its “an Overweight” rating for NUVL. Earlier on April 17, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for NUVL stock.
Analyzing NUVL Stock Performance
During the last five days, there has been a surge of approximately 0.74%. Over the course of the year, Nuvalent Inc shares have dropped approximately -7.36%. Shares of the company reached a 52-week high of $91.50 on 02/06/25 and a 52-week low of $64.75 on 03/11/25. A 50-day SMA is recorded $78.92, while a 200-day SMA reached $84.35.
Support And Resistance Levels for Nuvalent Inc (NUVL)
According to the 24-hour chart, there is a support level at 70.26, which, if violated, would cause prices to drop to 67.99. In the upper region, resistance lies at 74.03. The next price resistance is at 75.54. RSI (Relative Strength Index) is 42.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.46, which suggests the price will decrease in the coming days. Percent R is at 58.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
