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Potential Price Increase for NextNav Inc (NN) After Recent Insider Activity

NextNav Inc’s filing revealed that its Officer SAMMAAD SHAMS acquired Company’s shares for reported $44814.0 on Mar 18 ’25. In the deal valued at $11.38 per share,3,938 shares were bought.

Then, ROBERT HENRY LANTZ bought 4,361 shares, generating $49,628 in total proceeds.

Before that, MARIAM SOROND bought 62,868 shares. NextNav Inc shares valued at $694,063 were divested by the Director at a price of $11.04 per share.

B. Riley Securities reiterated its NextNav Inc [NN] rating to a Buy in a research note published on November 14, 2024; the price target was $20. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Perform”. R. F. Lafferty began covering NN with “Buy” recommendation on January 06, 2022.

Price Performance Review of NN

On Tuesday, NextNav Inc [NASDAQ:NN] saw its stock jump 4.31% to $11.87. Over the last five days, the stock has gained 16.83%. NextNav Inc shares have fallen nearly -23.71% since the year began. Nevertheless, the stocks have risen 179.95% over the past one year. While a 52-week high of $18.54 was reached on 01/03/25, a 52-week low of $3.95 was recorded on 03/04/25. SMA at 50 days reached $11.92, while 200 days put it at $10.60.

Levels Of Support And Resistance For NN Stock

The 24-hour chart illustrates a support level at 11.13, which if violated will result in even more drops to 10.40. On the upside, there is a resistance level at 12.26. A further resistance level may holdings at 12.66. The Relative Strength Index (RSI) on the 14-day chart is 54.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.89%. Stochastics %K at 66.78% indicates the stock is a holding.

How much short interest is there in NextNav Inc?

A steep rise in short interest was recorded in NextNav Inc stocks on 2025-02-28, growing by 0.28 million shares to a total of 13.76 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 13.48 million shares. There was a rise of 2.06%, which implies that there is a positive sentiment for the stock.

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