Nuvalent Inc’s filing revealed that its Chief Development Officer Noci Darlene unloaded Company’s shares for reported $2.16 million on Mar 06 ’25. In the deal valued at $71.86 per share,30,000 shares were sold. As a result of this transaction, Noci Darlene now holds 48,034 shares worth roughly $3.7 million.
Then, Noci Darlene sold 4,000 shares, generating $287,721 in total proceeds. Upon selling the shares at $71.93, the Chief Development Officer now owns 48,034 shares.
Before that, Darlene Noci bought 46,000 shares. Nuvalent Inc shares valued at $3,526,800 were divested by the Officer at a price of $76.67 per share.
UBS upgraded its Nuvalent Inc [NUVL] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. UBS began covering NUVL with “Neutral” recommendation on October 24, 2024. Barclays started covering the stock on August 29, 2024. It rated NUVL as “an Overweight”.
Price Performance Review of NUVL
On Friday, Nuvalent Inc [NASDAQ:NUVL] saw its stock jump 3.40% to $77.01. Over the last five days, the stock has gained 8.36%. Nuvalent Inc shares have fallen nearly -1.62% since the year began. Nevertheless, the stocks have fallen -11.50% over the past one year. While a 52-week high of $113.51 was reached on 02/06/25, a 52-week low of $61.79 was recorded on 03/11/25. SMA at 50 days reached $78.78, while 200 days put it at $84.43.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 75.93, which if violated will result in even more drops to 74.85. On the upside, there is a resistance level at 78.16. A further resistance level may holdings at 79.31. The Relative Strength Index (RSI) on the 14-day chart is 51.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.05%. Stochastics %K at 65.44% indicates the stock is a holding.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2025-02-28, dropping by -0.18 million shares to a total of 5.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.73 million shares. There was a decline of -3.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 17, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $97 price target.
