Nextracker Inc’s filing revealed that its 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $622.6 million on Feb 05 ’24. In the deal valued at $56.60 per share,11,000,000 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 6,044,918 shares worth roughly $356.65 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SHUGAR DANIEL S bought 37,821 shares, generating $1,498,823 in total proceeds. Upon buying the shares at $39.63, the Chief Executive Officer now owns 77,713 shares.
Before that, Schlesinger Leah sold 2,192 shares. Nextracker Inc shares valued at $87,680 were divested by the GC, Ch Eth & Compl Off’r & Sec at a price of $40.00 per share. As a result of the transaction, Schlesinger Leah now holds 5,114 shares, worth roughly $0.3 million.
BMO Capital Markets initiated its Nextracker Inc [NXT] rating to a Market perform in a research note published on March 22, 2024; the price target was $69. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. Guggenheim began covering NXT with “Buy” recommendation on February 08, 2024. Goldman started covering the stock on January 16, 2024. It rated NXT as “a Buy”.
Price Performance Review of NXT
On Monday, Nextracker Inc [NASDAQ:NXT] saw its stock jump 0.91% to $59.00. Over the last five days, the stock has lost -0.27%. Nextracker Inc shares have risen nearly 25.93% since the year began. Nevertheless, the stocks have risen 83.17% over the past one year. While a 52-week high of $62.14 was reached on 03/11/24, a 52-week low of $29.28 was recorded on 01/17/24. SMA at 50 days reached $54.59, while 200 days put it at $43.64. A total of 2.35 million shares were traded, compared to the trading of 3.29 million shares in the previous session.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 57.76, which if violated will result in even more drops to 56.53. On the upside, there is a resistance level at 60.50. A further resistance level may holdings at 62.01. The Relative Strength Index (RSI) on the 14-day chart is 56.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.25%. Stochastics %K at 41.42% indicates the stock is a holding.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on Feb 29, 2024, dropping by -0.81 million shares to a total of 5.02 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.83 million shares. There was a decline of -16.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.2.
