Navitas Semiconductor Corp’s recent filing unveils that 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 $1.7 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 $0.98 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 fall -6.42% to $2.48. Over the last five days, the stock has lost -2.36%. Navitas Semiconductor Corp shares have fallen nearly -30.53% since the year began. Nevertheless, the stocks have fallen -47.12% over the past one year. While a 52-week high of $5.14 was reached on 01/06/25, a 52-week low of $1.75 was recorded on 03/04/25. SMA at 50 days reached $2.97, while 200 days put it at $3.14.
Levels Of Support And Resistance For NVTS Stock
The 24-hour chart illustrates a support level at 2.43, which if violated will result in even more drops to 2.37. On the upside, there is a resistance level at 2.58. A further resistance level may holdings at 2.67. The Relative Strength Index (RSI) on the 14-day chart is 45.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.69%. Stochastics %K at 68.61% indicates the stock is a holding.
How much short interest is there in Navitas Semiconductor Corp?
A steep rise in short interest was recorded in Navitas Semiconductor Corp stocks on 2025-02-28, growing by 2.69 million shares to a total of 31.4 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 28.72 million shares. There was a rise of 8.55%, which implies that there is a positive sentiment for the stock.
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.
