Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enphase Energy Inc shares valued at $672,346 were sold by Rodgers Thurman J on May 30 ’24. At $129.60 per share, Rodgers Thurman J sold 5,188 shares. The insider’s holdings dropped to 1,979,374 shares worth approximately $261.87 million following the completion of this transaction.
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Also, Rodgers Thurman J sold 319,526 shares, netting a total of over 40,431,110 in proceeds. Following the sale of shares at $126.53 each, the insider now holds 1,984,562 shares.
Before that, RANHOFF DAVID A had sold 5,000 shares from its account. In a trade valued at $594,120, the EVP & Chief Commercial Officer traded Enphase Energy Inc shares for $118.82 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $14.94 million.
As published in a research note from Barclays on April 26, 2024, Enphase Energy Inc [ENPH] has been rated up from an Equal weight to an Overweight and the price target has been revised to $134 from $115. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late April. As of April 24, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for ENPH. Earlier on April 24, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Sell” for ENPH stock which previously was a “a Neutral”.
Analyzing ENPH Stock Performance
During the last five days, there has been a surge of approximately 1.26%. Over the course of the year, Enphase Energy Inc shares have jumped approximately 0.12%. Shares of the company reached a 52-week high of $138.21 on 02/15/24 and a 52-week low of $93.52 on 02/05/24. A 50-day SMA is recorded $116.62, while a 200-day SMA reached $114.21. Nevertheless, trading volume fell to 1.74 million shares from 2.96 million shares the previous day.
Support And Resistance Levels for Enphase Energy Inc (ENPH)
According to the 24-hour chart, there is a support level at 130.51, which, if violated, would cause prices to drop to 128.73. In the upper region, resistance lies at 133.54. The next price resistance is at 134.79. RSI (Relative Strength Index) is 63.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.51, which suggests the price will increase in the coming days. Percent R is at 11.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
