Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enovix Corporation shares valued at $53,408 were sold by Reichow Gregory on May 02 ’25. At $6.57 per share, Reichow Gregory sold 8,129 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Talluri Rajendra K sold 300,000 shares, netting a total of over 2,805,000 in proceeds. Following the sale of shares at $9.35 each, the insider now holds 2,045,301 shares.
Before that, Talluri Rajendra K had added 300,000 shares to its account. In a trade valued at $2,889,000, the Officer bought Enovix Corporation shares for $9.63 each.
As published in a research note from Janney on October 31, 2024, Enovix Corporation [ENVX] has been rated down from a Buy to a Neutral. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of December 18, 2023, William Blair has initiated its “an Outperform” rating for ENVX. Earlier on July 21, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for ENVX stock which previously was a “an Outperform”.
Analyzing ENVX Stock Performance
During the last five days, there has been a surge of approximately 20.22%. Over the course of the year, Enovix Corporation shares have dropped approximately -28.33%. Shares of the company reached a 52-week high of $16.20 on 01/07/25 and a 52-week low of $5.27 on 04/08/25. A 50-day SMA is recorded $7.07, while a 200-day SMA reached $9.49.
Support And Resistance Levels for Enovix Corporation (ENVX)
According to the 24-hour chart, there is a support level at 7.67, which, if violated, would cause prices to drop to 7.54. In the upper region, resistance lies at 7.95. The next price resistance is at 8.10. RSI (Relative Strength Index) is 62.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.08, which suggests the price will increase in the coming days. Percent R is at 16.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
