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Insider Sale Alert: Pineapple Energy Inc [PEGY] – Is it Time to sell?

In a filing, Pineapple Energy Inc revealed its 10% Owner NORTHERN PACIFIC GROWTH INVEST unloaded Company’s shares for reported $1518.0 on Nov 20 ’23. In the deal valued at $0.61 per share,2,488 shares were sold. As a result of this transaction, NORTHERN PACIFIC GROWTH INVEST now holds 1,125,418 shares worth roughly $56270.9.

Then, NORTHERN PACIFIC GROWTH INVEST sold 4,600 shares, generating $2,839 in total proceeds. Upon selling the shares at $0.62, the 10% Owner now owns 1,127,906 shares.

Before that, NORTHERN PACIFIC GROWTH INVEST sold 4,630 shares. Pineapple Energy Inc shares valued at $2,859 were divested by the 10% Owner at a price of $0.62 per share. As a result of the transaction, NORTHERN PACIFIC GROWTH INVEST now holds 1,132,506 shares, worth roughly $56625.3.

Price Performance Review of PEGY

On Monday, Pineapple Energy Inc [NASDAQ:PEGY] saw its stock fall -10.20% to $0.05. Over the last five days, the stock has lost -6.53%. Pineapple Energy Inc shares have fallen nearly -92.26% since the year began. Nevertheless, the stocks have fallen -96.66% over the past one year. While a 52-week high of $1.73 was reached on 01/03/24, a 52-week low of $0.04 was recorded on 04/16/24. SMA at 50 days reached $0.0675, while 200 days put it at $0.6391. A total of 5.19 million shares were traded, compared to the trading of 4.89 million shares in the previous session.

Levels Of Support And Resistance For PEGY Stock

The 24-hour chart illustrates a support level at 0.0416, which if violated will result in even more drops to 0.0375. On the upside, there is a resistance level at 0.0499. A further resistance level may holdings at 0.0541. The Relative Strength Index (RSI) on the 14-day chart is 29.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0083, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.26%. Stochastics %K at 23.83% indicates the stock is a holding.

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