The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pineapple Energy Inc shares valued at $1,518 were sold by NORTHERN PACIFIC GROWTH INVEST on Nov 20 ’23. At $0.61 per share, NORTHERN PACIFIC GROWTH INVEST sold 2,488 shares. The insider’s holdings dropped to 1,125,418 shares worth approximately $67525.08 following the completion of this transaction.
Also, NORTHERN PACIFIC GROWTH INVEST sold 4,600 shares, netting a total of over 2,839 in proceeds. Following the sale of shares at $0.62 each, the insider now holds 1,127,906 shares.
Before that, NORTHERN PACIFIC GROWTH INVEST had sold 4,630 shares from its account. In a trade valued at $2,859, the 10% Owner traded Pineapple Energy Inc shares for $0.62 each. Upon closing the transaction, the insider’s holdings decreased to 4,630 shares, worth approximately $67950.36.
Analyzing PEGY Stock Performance
During the last five days, there has been a drop of approximately -17.57%. Over the course of the year, Pineapple Energy Inc shares have dropped approximately -90.25%. Shares of the company reached a 52-week high of $0.6400 on 01/03/24 and a 52-week low of $0.0515 on 03/14/24. A 50-day SMA is recorded $0.1001, while a 200-day SMA reached $0.6849. Nevertheless, trading volume fell to 2.26 million shares from 2.42 million shares the previous day.
Support And Resistance Levels for Pineapple Energy Inc (PEGY)
According to the 24-hour chart, there is a support level at 0.0560, which, if violated, would cause prices to drop to 0.0544. In the upper region, resistance lies at 0.0605. The next price resistance is at 0.0634. RSI (Relative Strength Index) is 32.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0036, which suggests the price will decrease in the coming days. Percent R is at 85.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Pineapple Energy Inc subject to short interest?
Stocks of Pineapple Energy Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.13 million shares to 0.45 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 0.32 million shares. A jump of 28.58% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.07 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.07.
