Enphase Energy Inc’s recent filing unveils that its EVP & Chief Commercial Officer RANHOFF DAVID A unloaded Company’s shares for reported $0.58 million on Apr 15 ’24. In the deal valued at $116.29 per share,5,000 shares were sold. As a result of this transaction, RANHOFF DAVID A now holds 119,948 shares worth roughly $13.25 million.
Then, RANHOFF DAVID A sold 5,000 shares, generating $544,425 in total proceeds. Upon selling the shares at $108.89, the EVP & Chief Commercial Officer now owns 124,948 shares.
Before that, Kothandaraman Badrinarayanan bought 4,000 shares. Enphase Energy Inc shares valued at $482,154 were divested by the President & CEO at a price of $120.54 per share. As a result of the transaction, Kothandaraman Badrinarayanan now holds 1,655,171 shares, worth roughly $182.85 million.
Citigroup downgraded its Enphase Energy Inc [ENPH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. Oppenheimer also remained covering ENPH and has increased its forecast on February 07, 2024 with a “an Outperform” recommendation from previously “Perform” rating. Truist revised its rating on January 23, 2024. It rated ENPH as “a Buy” which previously was an “a Hold”.
Price Performance Review of ENPH
On Tuesday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock fall -1.78% to $110.47. Over the last five days, the stock has lost -9.44%. Enphase Energy Inc shares have fallen nearly -16.40% since the year began. Nevertheless, the stocks have fallen -47.12% over the past one year. While a 52-week high of $231.42 was reached on 02/15/24, a 52-week low of $73.49 was recorded on 02/05/24. SMA at 50 days reached $119.34, while 200 days put it at $121.72. A total of 2.91 million shares were traded, compared to the trading of 2.78 million shares in the previous session.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 108.69, which if violated will result in even more drops to 106.91. On the upside, there is a resistance level at 112.26. A further resistance level may holdings at 114.06. The Relative Strength Index (RSI) on the 14-day chart is 43.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.69%. Stochastics %K at 22.99% indicates the stock is a holding.
The most recent change occurred on January 16, 2024 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $142 price target.
