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Investing in Sunrun Inc (RUN): What You Must Know

Sunrun Inc’s recently made public that its Chief Executive Officer Powell Mary unloaded Company’s shares for reported $43595.0 on Jun 06 ’24. In the deal valued at $14.45 per share,3,017 shares were sold. As a result of this transaction, Powell Mary now holds 586,910 shares worth roughly $8.3 million.

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Then, Dickson Paul S. sold 2,486 shares, generating $35,876 in total proceeds. Upon selling the shares at $14.43, the Pres. & Chief Revenue Officer now owns 447,184 shares.

Before that, STEELE JEANNA sold 2,299 shares. Sunrun Inc shares valued at $33,198 were divested by the Chief Legal & People Officer at a price of $14.44 per share. As a result of the transaction, STEELE JEANNA now holds 315,287 shares, worth roughly $4.46 million.

Janney downgraded its Sunrun Inc [RUN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Sector weight”. Piper Sandler also remained covering RUN and has increased its forecast on December 19, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies started covering the stock on December 15, 2023. It rated RUN as “a Buy”.

Price Performance Review of RUN

On Monday, Sunrun Inc [NASDAQ:RUN] saw its stock jump 5.20% to $14.15. Over the last five days, the stock has lost -2.62%. Sunrun Inc shares have fallen nearly -27.92% since the year began. Nevertheless, the stocks have fallen -26.34% over the past one year. While a 52-week high of $23.85 was reached on 01/02/24, a 52-week low of $8.43 was recorded on 03/14/24. SMA at 50 days reached $12.00, while 200 days put it at $13.03. A total of 9.39 million shares were traded, compared to the trading of 11.04 million shares in the previous session.

Levels Of Support And Resistance For RUN Stock

The 24-hour chart illustrates a support level at 13.49, which if violated will result in even more drops to 12.83. On the upside, there is a resistance level at 14.53. A further resistance level may holdings at 14.91. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.04%. Stochastics %K at 70.67% indicates the stock is a holding.

The most recent change occurred on November 21, 2023 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.

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