Sunrun Inc’s recently made public that its Director Jurich Lynn Michelle unloaded Company’s shares for reported $28378.0 on Mar 18 ’24. In the deal valued at $10.01 per share,2,836 shares were sold. As a result of this transaction, Jurich Lynn Michelle now holds 1,399,810 shares worth roughly $16.63 million.
Then, STEELE JEANNA sold 805 shares, generating $8,062 in total proceeds. Upon selling the shares at $10.02, the Chief Legal & People Officer now owns 238,919 shares.
Before that, Abajian Danny sold 402 shares. Sunrun Inc shares valued at $4,030 were divested by the Chief Financial Officer at a price of $10.03 per share. As a result of the transaction, Abajian Danny now holds 181,576 shares, worth roughly $2.16 million.
Janney downgraded its Sunrun Inc [RUN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Sector weight”. Piper Sandler also remained covering RUN and has increased its forecast on December 19, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies started covering the stock on December 15, 2023. It rated RUN as “a Buy”.
Price Performance Review of RUN
On Monday, Sunrun Inc [NASDAQ:RUN] saw its stock jump 0.42% to $11.88. Over the last five days, the stock has lost -6.75%. Sunrun Inc shares have fallen nearly -39.48% since the year began. Nevertheless, the stocks have fallen -37.51% over the past one year. While a 52-week high of $23.85 was reached on 01/02/24, a 52-week low of $8.43 was recorded on 03/14/24. SMA at 50 days reached $13.00, while 200 days put it at $14.36. A total of 8.61 million shares were traded, compared to the trading of 10.64 million shares in the previous session.
Levels Of Support And Resistance For RUN Stock
The 24-hour chart illustrates a support level at 11.66, which if violated will result in even more drops to 11.44. On the upside, there is a resistance level at 12.21. A further resistance level may holdings at 12.53. The Relative Strength Index (RSI) on the 14-day chart is 48.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.15%. Stochastics %K at 57.72% 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 Mar 15, 2024, growing by 9.88 million shares to a total of 43.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 33.87 million shares. There was a rise of 22.58%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.75.
The most recent change occurred on November 21, 2023 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.
