Solaredge Technologies Inc’s recent filing unveils that its Director AVERY MORE acquired Company’s shares for reported $0.47 million on Feb 29 ’24. In the deal valued at $67.75 per share,7,000 shares were bought. As a result of this transaction, AVERY MORE now holds 77,446 shares worth roughly $3.75 million.
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Then, AVERY MORE bought 15,300 shares, generating $1,085,632 in total proceeds. Upon buying the shares at $70.96, the Director now owns 70,446 shares.
Before that, GANI MARCEL bought 5,000 shares. Solaredge Technologies Inc shares valued at $367,450 were divested by the Director at a price of $73.49 per share. As a result of the transaction, GANI MARCEL now holds 29,049 shares, worth roughly $1.41 million.
Susquehanna downgraded its Solaredge Technologies Inc [SEDG] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Northland Capital also remained covering SEDG and has decreased its forecast on May 09, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. DZ Bank started covering the stock on April 17, 2024. It rated SEDG as “a Hold”.
Price Performance Review of SEDG
On Friday, Solaredge Technologies Inc [NASDAQ:SEDG] saw its stock fall -4.18% to $48.41. Over the last five days, the stock has lost -2.14%. Solaredge Technologies Inc shares have fallen nearly -48.28% since the year began. Nevertheless, the stocks have fallen -84.03% over the past one year. While a 52-week high of $306.98 was reached on 01/02/24, a 52-week low of $48.82 was recorded on 05/17/24. SMA at 50 days reached $62.03, while 200 days put it at $93.23. A total of 1.88 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For SEDG Stock
The 24-hour chart illustrates a support level at 47.61, which if violated will result in even more drops to 46.80. On the upside, there is a resistance level at 50.02. A further resistance level may holdings at 51.62. The Relative Strength Index (RSI) on the 14-day chart is 32.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 20.06% indicates the stock is a holding.
