Generac Holdings Inc’s filing revealed that its Chief Executive Officer Jagdfeld Aaron unloaded Company’s shares for reported $0.7 million on May 01 ’24. In the deal valued at $139.95 per share,5,000 shares were sold. As a result of this transaction, Jagdfeld Aaron now holds 587,177 shares worth roughly $80.03 million.
Then, Jagdfeld Aaron sold 5,000 shares, generating $634,700 in total proceeds. Upon selling the shares at $126.94, the Chief Executive Officer now owns 592,177 shares.
Before that, Jagdfeld Aaron sold 5,000 shares. Generac Holdings Inc shares valued at $575,000 were divested by the Chief Executive Officer at a price of $115.00 per share. As a result of the transaction, Jagdfeld Aaron now holds 597,177 shares, worth roughly $81.4 million.
Canaccord Genuity reiterated its Generac Holdings Inc [GNRC] rating to a Buy in a research note published on April 05, 2024; the price target was $150. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Outperform”‘ rating for it. Guggenheim also remained covering GNRC and has decreased its forecast on February 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 15, 2023. It rated GNRC as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of GNRC
On Monday, Generac Holdings Inc [NYSE:GNRC] saw its stock jump 2.19% to $136.30. Over the last five days, the stock has lost -0.73%. Generac Holdings Inc shares have risen nearly 5.46% since the year began. Nevertheless, the stocks have risen 25.01% over the past one year. While a 52-week high of $156.95 was reached on 04/26/24, a 52-week low of $79.86 was recorded on 02/26/24. SMA at 50 days reached $124.69, while 200 days put it at $117.32. A total of 0.85 million shares were traded, compared to the trading of 1.54 million shares in the previous session.
Levels Of Support And Resistance For GNRC Stock
The 24-hour chart illustrates a support level at 134.09, which if violated will result in even more drops to 131.88. On the upside, there is a resistance level at 137.45. A further resistance level may holdings at 138.59. The Relative Strength Index (RSI) on the 14-day chart is 57.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.02%. Stochastics %K at 41.36% indicates the stock is a holding.
