Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NN Inc shares valued at $1,656,751 were sold by Corre Partners Management, LLC on Jan 14 ’25. At $3.87 per share, Corre Partners Management, LLC sold 427,630 shares. The insider’s holdings dropped to 810,567 shares worth approximately $1.38 million following the completion of this transaction.
Also, BENVENUTI RAYNARD D. purchased 10,000 shares, netting a total of over 37,400 in proceeds. Following the buying of shares at $3.74 each, the insider now holds 301,104 shares.
Before that, HARMAN JERI J had added 6,849 shares to its account. In a trade valued at $24,930, the Director bought NN Inc shares for $3.64 each. Upon closing the transaction, the insider’s holdings increased to 6,849 shares, worth approximately $0.52 million.
As published in their initiating research note from Noble Capital Markets on April 15, 2024, NN Inc [NNBR] has been an Outperform and the price target has been revised to $6. Analysts at Lake Street upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of March 18, 2022, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NNBR. Earlier on April 06, 2021, CJS Securities downgraded its rating. Their new recommendation was “a Market perform” for NNBR stock which previously was a “a Market outperform”.
Analyzing NNBR Stock Performance
During the last five days, there has been a drop of approximately -11.72%. Over the course of the year, NN Inc shares have dropped approximately -48.17%. Shares of the company reached a 52-week high of $4.6700 on 01/14/25 and a 52-week low of $1.5800 on 04/16/25. A 50-day SMA is recorded $2.6049, while a 200-day SMA reached $3.3495.
Support And Resistance Levels for NN Inc (NNBR)
According to the 24-hour chart, there is a support level at 1.6700, which, if violated, would cause prices to drop to 1.6450. In the upper region, resistance lies at 1.7400. The next price resistance is at 1.7850. RSI (Relative Strength Index) is 26.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2935, which suggests the price will decrease in the coming days. Percent R is at 86.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
