In a filing, Ormat Technologies Inc revealed its Director STERN STANLEY unloaded Company’s shares for reported $0.12 million on Mar 28 ’24. In the deal valued at $66.95 per share,1,825 shares were sold. As a result of this transaction, STERN STANLEY now holds 4,835 shares worth roughly $0.31 million.
Then, SHARIR DAFNA sold 312 shares, generating $20,183 in total proceeds. Upon selling the shares at $64.69, the Director now owns 2,800 shares.
Before that, Granot David sold 312 shares. Ormat Technologies Inc shares valued at $20,183 were divested by the Director at a price of $64.69 per share. As a result of the transaction, Granot David now holds 4,071 shares, worth roughly $0.26 million.
TD Cowen reiterated its Ormat Technologies Inc [ORA] rating to a Market perform in a research note published on February 23, 2024; the price target was $70. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Barclays began covering ORA with “an Equal weight” recommendation on May 22, 2023. UBS revised its rating on March 01, 2023. It rated ORA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ORA
On Friday, Ormat Technologies Inc [NYSE:ORA] saw its stock fall -2.69% to $64.30. Over the last five days, the stock has gained 0.89%. Ormat Technologies Inc shares have fallen nearly -15.16% since the year began. Nevertheless, the stocks have fallen -24.86% over the past one year. While a 52-week high of $88.64 was reached on 01/02/24, a 52-week low of $58.73 was recorded on 02/22/24. SMA at 50 days reached $65.35, while 200 days put it at $70.60. A total of 0.74 million shares were traded, compared to the trading of 0.61 million shares in the previous session.
Levels Of Support And Resistance For ORA Stock
The 24-hour chart illustrates a support level at 63.28, which if violated will result in even more drops to 62.27. On the upside, there is a resistance level at 65.92. A further resistance level may holdings at 67.55. The Relative Strength Index (RSI) on the 14-day chart is 46.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.74%. Stochastics %K at 46.57% indicates the stock is a holding.
