In a filing, Sunrun Inc. revealed its Chief Executive Officer Powell Mary unloaded Company’s shares for reported $27531.0 on Aug 31. In the deal valued at $15.79 per share,1,744 shares were sold. As a result of this transaction, Powell Mary now holds 410,900 shares worth roughly $ 6.37 million.
Then, Fenster Edward Harris sold 25,000 shares, generating $498,065 in total proceeds. Upon selling the shares at $19.92, the Director now owns 1,258,325 shares.
Before that, Fenster Edward Harris sold 4,505 shares. Sunrun Inc. shares valued at $90,100 were divested by the Director at a price of $20.00 per share. As a result of the transaction, Fenster Edward Harris now holds 1,258,325 shares, worth roughly $19.52 million.
Citigroup upgraded its Sunrun Inc. [RUN] rating to a Buy from a a Neutral in a research note published on Tuesday, August 30, 2023; the price target was decreased to $21 from $25. PT values the company’s stock at a premium of 26.14 to its Tuesday closing price.
Price Performance Review of RUN
On Tuesday, Sunrun Inc. [NASDAQ:RUN] saw its stock fall -1.90% to $15.51. On the same session, the stock had its day’s lowest price of $15.29, but rose to a high of $15.8976. Over the last five days, the stock has gained 11.02%. Sunrun Inc. shares have fallen nearly -35.43% since the year began. Nevertheless, the stocks have fallen -51.70% over the past one year. While a 52-week high of $39.13 was reached on 01/18/23, a 52-week low of $13.30 was recorded on 08/22/23. SMA at 50 days reached $17.55, while 200 days put it at $21.46. A total of 4.9 million shares were traded, compared to the trading of 7.68 million shares in the previous session.
Levels Of Support And Resistance For RUN Stock
The 24-hour chart illustrates a support level at 15.23, which if violated will result in even more drops to 14.96. On the upside, there is a resistance level at 15.84. A further resistance level may holdings at 16.17. The Relative Strength Index (RSI) on the 14-day chart is 46.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 76.35% indicates the stock is a holding.
How much short interest is there in Sunrun Inc.?
A steep rise in short interest was recorded in Sunrun Inc. stocks on Aug 14, 2023, growing by 0.29 million shares to a total of 37.48 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 37.19 million shares. There was a rise of 0.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.51.
Sunrun Inc. [RUN] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 21,871,647 shares, or roughly 10.07% of the outstanding RUN shares. In other words, the investor’s shares have risen by 188,925 from its previous 13-F filing of 21682722.0. Additionally, The Vanguard Group, Inc. decreased -0.65% of its stake after which the total value it holdings stand at $360,236,414, while Orbis Investment Management Ltd. added 6.30% of its stake to hold $261.83 million in the firm. Over the last quarter, Grantham, Mayo, Van Otterloo & Co sold -1,081,000 shares of Sunrun Inc., while BNP Paribas Asset Management UK L sold 1,865,360 shares. At present, Invesco Capital Management LLC is holding 6,691,138 shares valued at $127.0 million. SSgA Funds Management, Inc. owned 6,413,118 shares of the company at the time of its most recent 13F filing, worth $121.72 million.
According to FactSet, Sunrun Inc.’s share price will average $33.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 96.08 percent from its previous closing price of $15.81. Analysts expect Sunrun Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $12.74. However, 29 analysts have rated RUN stock as an Overweight in their predictions for 2023.