The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NovoCure Ltd shares valued at $5,071 were sold by Weinberg Uri on Mar 03 ’25. At $18.92 per share, Weinberg Uri sold 268 shares. The insider’s holdings dropped to 166,243 shares worth approximately $3.08 million following the completion of this transaction.
Also, Leonard Frank X sold 2,527 shares, netting a total of over 46,841 in proceeds. Following the sale of shares at $18.54 each, the insider now holds 143,673 shares.
Before that, Cordova Ashley had sold 2,053 shares from its account. In a trade valued at $38,055, the Chief Executive Officer traded NovoCure Ltd shares for $18.54 each. Upon closing the transaction, the insider’s holdings decreased to 2,053 shares, worth approximately $3.78 million.
As published in a research note from Evercore ISI on December 02, 2024, NovoCure Ltd [NVCR] has been rated up from an In-line to an Outperform and the price target has been revised to $30 from $18. Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. Earlier on August 28, 2023, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for NVCR stock which previously was a “a Buy”.
Analyzing NVCR Stock Performance
During the last five days, there has been a surge of approximately 17.18%. Over the course of the year, NovoCure Ltd shares have dropped approximately -37.75%. Shares of the company reached a 52-week high of $31.17 on 01/02/25 and a 52-week low of $14.81 on 04/09/25. A 50-day SMA is recorded $18.91, while a 200-day SMA reached $20.39.
Support And Resistance Levels for NovoCure Ltd (NVCR)
According to the 24-hour chart, there is a support level at 17.55, which, if violated, would cause prices to drop to 16.55. In the upper region, resistance lies at 19.40. The next price resistance is at 20.24. RSI (Relative Strength Index) is 56.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 15.67%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
