The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fluence Energy Inc shares valued at $98,926 were purchased by Nebreda Julian on Mar 04 ’24. At $14.77 per share, Nebreda Julian acquired 6,700 shares. The insider’s holdings grew to 55,090 shares worth approximately $0.93 million following the completion of this transaction.
Also, Pasha Ahmed purchased 3,300 shares, netting a total of over 50,160 in proceeds. Following the buying of shares at $15.20 each, the insider now holds 3,300 shares.
Before that, SIEMENS PENSION TRUST E V had sold 7,087,500 shares from its account. In a trade valued at $156,279,375, the 10% Owner traded Fluence Energy Inc shares for $22.05 each. Upon closing the transaction, the insider’s holdings decreased to 7,087,500 shares, worth approximately $198.06 million.
As published in a research note from Raymond James on April 03, 2024, Fluence Energy Inc [FLNC] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $22. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in late February. As of February 23, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for FLNC. Earlier on December 04, 2023, ROTH MKM upgraded its rating. Their new recommendation was “a Buy” for FLNC stock which previously was a “a Neutral”.
Analyzing FLNC Stock Performance
During the last five days, there has been a surge of approximately 5.38%. Over the course of the year, Fluence Energy Inc shares have dropped approximately -29.39%. Shares of the company reached a 52-week high of $24.83 on 01/02/24 and a 52-week low of $13.03 on 03/15/24. A 50-day SMA is recorded $16.08, while a 200-day SMA reached $21.17. Nevertheless, trading volume fell to 1.46 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Fluence Energy Inc (FLNC)
According to the 24-hour chart, there is a support level at 16.44, which, if violated, would cause prices to drop to 16.05. In the upper region, resistance lies at 17.09. The next price resistance is at 17.35. RSI (Relative Strength Index) is 55.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 27.27%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
