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 $0.55 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 $278.67 million.
Northland Capital downgraded its Nextracker Inc [NXT] rating to a Market perform from a an Outperform in a research note published on April 26, 2024; the price target was decreased to $44 from $60. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “an Equal weight”. Daiwa Securities began covering NXT with “an Outperform” recommendation on April 01, 2024. BMO Capital Markets started covering the stock on March 22, 2024. It rated NXT as “a Market perform”.
Price Performance Review of NXT
On Friday, Nextracker Inc [NASDAQ:NXT] saw its stock jump 5.54% to $46.10. Over the last five days, the stock has gained 5.35%. Nextracker Inc shares have fallen nearly -1.60% since the year began. Nevertheless, the stocks have risen 53.11% over the past one year. While a 52-week high of $62.14 was reached on 03/11/24, a 52-week low of $29.44 was recorded on 01/17/24. SMA at 50 days reached $52.64, while 200 days put it at $44.85. A total of 2.19 million shares were traded, compared to the trading of 3.3 million shares in the previous session.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 45.24, which if violated will result in even more drops to 44.38. On the upside, there is a resistance level at 46.93. A further resistance level may holdings at 47.76. The Relative Strength Index (RSI) on the 14-day chart is 45.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.39%. Stochastics %K at 40.72% indicates the stock is a holding.
The most recent change occurred on March 21, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $71 price target.
