Nextracker Inc’s filing revealed that its GC, Ch Eth & Compl Off’r & Sec Schlesinger Leah unloaded Company’s shares for reported $0.11 million on Apr 03 ’24. In the deal valued at $51.91 per share,2,149 shares were sold. As a result of this transaction, Schlesinger Leah now holds 11,910 shares worth roughly $0.52 million.
Then, Miller Nicholas Marco sold 8,355 shares, generating $440,024 in total proceeds. Upon selling the shares at $52.67, the Chief Operating Officer now owns 11,114 shares.
Before that, TPG GP A, LLC sold 11,000,000 shares. Nextracker Inc shares valued at $622,600,000 were divested by the 10% Owner at a price of $56.60 per share. As a result of the transaction, TPG GP A, LLC now holds 6,044,918 shares, worth roughly $265.98 million.
Barclays downgraded its Nextracker Inc [NXT] rating to an Equal weight from a an Overweight in a research note published on April 02, 2024; the price target was increased to $63 from $55. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in early April with a ‘”an Outperform”‘ rating. BMO Capital Markets began covering NXT with “Market perform” recommendation on March 22, 2024. Robert W. Baird started covering the stock on March 21, 2024. It rated NXT as “an Outperform”.
Price Performance Review of NXT
On Friday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -1.19% to $44.00. Over the last five days, the stock has lost -6.78%. Nextracker Inc shares have fallen nearly -6.08% since the year began. Nevertheless, the stocks have risen 28.73% over the past one year. While a 52-week high of $62.14 was reached on 03/11/24, a 52-week low of $29.28 was recorded on 01/17/24. SMA at 50 days reached $55.61, while 200 days put it at $44.58. A total of 5.04 million shares were traded, compared to the trading of 3.42 million shares in the previous session.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 43.37, which if violated will result in even more drops to 42.74. On the upside, there is a resistance level at 44.73. A further resistance level may holdings at 45.46. The Relative Strength Index (RSI) on the 14-day chart is 24.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.05%. Stochastics %K at 9.43% indicates the stock is a buying.
The most recent change occurred on February 08, 2024 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $73 price target.
