Fluence Energy Inc’s filing revealed that its President and CEO Nebreda Julian acquired Company’s shares for reported $98926.0 on Mar 04 ’24. In the deal valued at $14.77 per share,6,700 shares were bought. As a result of this transaction, Nebreda Julian now holds 55,090 shares worth roughly $1.15 million.
Then, Pasha Ahmed bought 3,300 shares, generating $50,160 in total proceeds. Upon buying the shares at $15.20, the SVP & Chief Financial Officer now owns 3,300 shares.
Before that, SIEMENS PENSION TRUST E V sold 7,087,500 shares. Fluence Energy Inc shares valued at $156,279,375 were divested by the 10% Owner at a price of $22.05 per share. As a result of the transaction, SIEMENS PENSION TRUST E V now holds 11,761,131 shares, worth roughly $245.81 million.
Raymond James upgraded its Fluence Energy Inc [FLNC] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “a Positive”. JP Morgan also remained covering FLNC and has increased its forecast on February 23, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. ROTH MKM revised its rating on December 04, 2023. It rated FLNC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FLNC
On Friday, Fluence Energy Inc [NASDAQ:FLNC] saw its stock jump 7.23% to $20.90. Over the last five days, the stock has gained 24.04%. Fluence Energy Inc shares have fallen nearly -12.37% since the year began. Nevertheless, the stocks have risen 25.22% over the past one year. While a 52-week high of $31.32 was reached on 01/02/24, a 52-week low of $13.03 was recorded on 03/15/24. SMA at 50 days reached $16.03, while 200 days put it at $20.82. A total of 3.27 million shares were traded, compared to the trading of 2.2 million shares in the previous session.
Levels Of Support And Resistance For FLNC Stock
The 24-hour chart illustrates a support level at 20.30, which if violated will result in even more drops to 19.71. On the upside, there is a resistance level at 21.21. A further resistance level may holdings at 21.53. The Relative Strength Index (RSI) on the 14-day chart is 74.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.50%. Stochastics %K at 92.34% indicates the stock is a selling.
