Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stem Inc shares valued at $359,216 were sold by Carrington John Eugene on May 02 ’24. At $1.85 per share, Carrington John Eugene sold 194,171 shares. The insider’s holdings dropped to 506,585 shares worth approximately $0.69 million following the completion of this transaction.
Also, Russo Alan sold 24,142 shares, netting a total of over 45,146 in proceeds. Following the sale of shares at $1.87 each, the insider now holds 212,910 shares.
Before that, BUSH WILLIAM JOHN had sold 24,035 shares from its account. In a trade valued at $44,945, the Chief Financial Officer traded Stem Inc shares for $1.87 each. Upon closing the transaction, the insider’s holdings decreased to 24,035 shares, worth approximately $0.53 million.
As published in a research note from Goldman on March 22, 2024, Stem Inc [STEM] has been rated down from a Buy to a Neutral and the price target has been revised to $2.50 from $5.50. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of November 03, 2023, Guggenheim has decreased its “Buy” rating to a “Neutral” for STEM. Earlier on October 20, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for STEM stock.
Analyzing STEM Stock Performance
During the last five days, there has been a drop of approximately -26.49%. Over the course of the year, Stem Inc shares have dropped approximately -64.95%. Shares of the company reached a 52-week high of $3.9950 on 01/02/24 and a 52-week low of $1.2700 on 05/08/24. A 50-day SMA is recorded $1.9106, while a 200-day SMA reached $3.4813. Nevertheless, trading volume fell to 5.73 million shares from 7.02 million shares the previous day.
Support And Resistance Levels for Stem Inc (STEM)
According to the 24-hour chart, there is a support level at 1.2800, which, if violated, would cause prices to drop to 1.2000. In the upper region, resistance lies at 1.4300. The next price resistance is at 1.5000. RSI (Relative Strength Index) is 35.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2921, which suggests the price will decrease in the coming days. Percent R is at 87.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
