Altus Power Inc’s recent filing unveils that its CO-FOUNDER CO-CEO CO-PRESIDENT Felton Gregg J acquired Company’s shares for reported $59750.0 on Mar 28 ’24. In the deal valued at $4.78 per share,12,500 shares were bought. As a result of this transaction, Felton Gregg J now holds 11,894,603 shares worth roughly $57.21 million.
Then, NORELL LARS sold 40,000 shares, generating $274,520 in total proceeds. Upon selling the shares at $6.86, the CO-FOUNDER CO-CEO CO-PRESIDENT now owns 21,614,907 shares.
Before that, Savino Anthony sold 4,598 shares. Altus Power Inc shares valued at $32,876 were divested by the COFOUNDER,CHIEF CONST. OFFICER at a price of $7.15 per share. As a result of the transaction, Savino Anthony now holds 3,887,663 shares, worth roughly $18.7 million.
Northland Capital initiated its Altus Power Inc [AMPS] rating to an Outperform in a research note published on November 30, 2023; the price target was $10. Morgan Stanley also remained covering AMPS and has increased its forecast on January 10, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Evercore ISI started covering the stock on January 04, 2023. It rated AMPS as “an Outperform”.
Price Performance Review of AMPS
On Monday, Altus Power Inc [NYSE:AMPS] saw its stock jump 4.11% to $4.81. Over the last five days, the stock has lost -0.41%. Altus Power Inc shares have fallen nearly -29.58% since the year began. Nevertheless, the stocks have fallen -5.13% over the past one year. While a 52-week high of $7.28 was reached on 02/15/24, a 52-week low of $4.08 was recorded on 03/15/24. SMA at 50 days reached $5.81, while 200 days put it at $5.78. A total of 0.58 million shares were traded, compared to the trading of 0.89 million shares in the previous session.
Levels Of Support And Resistance For AMPS Stock
The 24-hour chart illustrates a support level at 4.73, which if violated will result in even more drops to 4.65. On the upside, there is a resistance level at 4.88. A further resistance level may holdings at 4.94. The Relative Strength Index (RSI) on the 14-day chart is 41.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.80%. Stochastics %K at 47.71% indicates the stock is a holding.
How much short interest is there in Altus Power Inc?
A steep rise in short interest was recorded in Altus Power Inc stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 7.61 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.36 million shares. There was a rise of 3.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.35.
