Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Generac Holdings Inc shares valued at $634,700 were sold by Jagdfeld Aaron on Apr 01 ’24. At $126.94 per share, Jagdfeld Aaron sold 5,000 shares. The insider’s holdings dropped to 592,177 shares worth approximately $79.04 million following the completion of this transaction.
Also, Jagdfeld Aaron sold 5,000 shares, netting a total of over 575,000 in proceeds. Following the sale of shares at $115.00 each, the insider now holds 597,177 shares.
Before that, Jagdfeld Aaron had sold 5,000 shares from its account. In a trade valued at $576,100, the Chief Executive Officer traded Generac Holdings Inc shares for $115.22 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $77.1 million.
As published in a research note from Canaccord Genuity on April 05, 2024, Generac Holdings Inc [GNRC] has been retained to a Buy and the price target has been revised to $150. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid February. As of February 15, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for GNRC. Earlier on November 15, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for GNRC stock which previously was a “an Underperform”.
Analyzing GNRC Stock Performance
During the last five days, there has been a drop of approximately -1.92%. Over the course of the year, Generac Holdings Inc shares have jumped approximately 3.27%. Shares of the company reached a 52-week high of $140.34 on 04/09/24 and a 52-week low of $108.89 on 02/26/24. A 50-day SMA is recorded $121.24, while a 200-day SMA reached $117.80. Nevertheless, trading volume fell to 1.64 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Generac Holdings Inc (GNRC)
According to the 24-hour chart, there is a support level at 129.53, which, if violated, would cause prices to drop to 125.60. In the upper region, resistance lies at 136.33. The next price resistance is at 139.20. RSI (Relative Strength Index) is 61.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 44.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
