Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Generac Holdings Inc shares valued at $76,740 were sold by Nguyen Nam Tran on May 13 ’24. At $140.55 per share, Nguyen Nam Tran sold 546 shares. The insider’s holdings dropped to 3,512 shares worth approximately $0.51 million following the completion of this transaction.
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Also, Jagdfeld Aaron sold 5,000 shares, netting a total of over 699,750 in proceeds. Following the sale of shares at $139.95 each, the insider now holds 587,177 shares.
Before that, Jagdfeld Aaron had sold 5,000 shares from its account. In a trade valued at $634,700, the Chief Executive Officer traded Generac Holdings Inc shares for $126.94 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $85.36 million.
As published in a research note from JP Morgan on May 23, 2024, Generac Holdings Inc [GNRC] has been rated down from an Overweight to a Neutral and the price target has been revised to $149. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in late May. As of April 05, 2024, Canaccord Genuity has reiterated its “Buy” rating for GNRC. Earlier on February 15, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for GNRC stock.
Analyzing GNRC Stock Performance
During the last five days, there has been a surge of approximately 0.80%. Over the course of the year, Generac Holdings Inc shares have jumped approximately 11.53%. Shares of the company reached a 52-week high of $155.35 on 05/22/24 and a 52-week low of $108.89 on 02/26/24. A 50-day SMA is recorded $132.63, while a 200-day SMA reached $117.88. Nevertheless, trading volume fell to 1.16 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Generac Holdings Inc (GNRC)
According to the 24-hour chart, there is a support level at 141.35, which, if violated, would cause prices to drop to 138.56. In the upper region, resistance lies at 149.59. The next price resistance is at 155.05. RSI (Relative Strength Index) is 55.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.91, which suggests the price will increase in the coming days. Percent R is at 50.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
