nVent Electric plc’s recent filing unveils that its Former Officer Faulconer Michael B acquired Company’s shares for reported $0.35 million on Mar 06 ’25. In the deal valued at $55.43 per share,6,334 shares were bought.
Then, BURRIS JERRY W sold 6,558 shares, generating $524,640 in total proceeds. Upon selling the shares at $80.00, the Director now owns 45,040 shares.
Before that, van der Kolk Robert J. sold 4,000 shares. nVent Electric plc shares valued at $312,644 were divested by the insider below at a price of $78.16 per share. As a result of the transaction, van der Kolk Robert J. now holds 35,297 shares, worth roughly $1.85 million.
Seaport Research Partners upgraded its nVent Electric plc [NVT] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. KeyBanc Capital Markets also remained covering NVT and has increased its forecast on September 04, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Deutsche Bank started covering the stock on March 11, 2024. It rated NVT as “a Buy”.
Price Performance Review of NVT
On Monday, nVent Electric plc [NYSE:NVT] saw its stock fall -0.93% to $52.42. Over the last five days, the stock has lost -10.53%. nVent Electric plc shares have fallen nearly -23.09% since the year began. Nevertheless, the stocks have fallen -30.49% over the past one year. While a 52-week high of $86.57 was reached on 01/22/25, a 52-week low of $51.99 was recorded on 03/31/25. SMA at 50 days reached $61.86, while 200 days put it at $69.33.
Levels Of Support And Resistance For NVT Stock
The 24-hour chart illustrates a support level at 50.85, which if violated will result in even more drops to 49.29. On the upside, there is a resistance level at 53.27. A further resistance level may holdings at 54.13. The Relative Strength Index (RSI) on the 14-day chart is 32.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.51%. Stochastics %K at 22.75% indicates the stock is a holding.
How much short interest is there in nVent Electric plc?
A steep rise in short interest was recorded in nVent Electric plc stocks on 2025-03-14, dropping by 79960.0 shares to a total of 6.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.31 million shares. There was a decline of -1.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 03, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $62 price target.
