Enphase Energy Inc’s filing revealed that its Director Rodgers Thurman J unloaded Company’s shares for reported $0.67 million on May 30 ’24. In the deal valued at $129.60 per share,5,188 shares were sold. As a result of this transaction, Rodgers Thurman J now holds 1,979,374 shares worth roughly $246.65 million.
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Then, Rodgers Thurman J sold 319,526 shares, generating $40,431,110 in total proceeds. Upon selling the shares at $126.53, the Director now owns 1,984,562 shares.
Before that, RANHOFF DAVID A sold 5,000 shares. Enphase Energy Inc shares valued at $594,120 were divested by the EVP & Chief Commercial Officer at a price of $118.82 per share. As a result of the transaction, RANHOFF DAVID A now holds 112,943 shares, worth roughly $14.07 million.
HSBC Securities upgraded its Enphase Energy Inc [ENPH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late April from “an Equal weight” to “an Overweight”. TD Cowen also remained covering ENPH and reiterated its “Buy” recommendation on April 24, 2024. Jefferies revised its rating on April 24, 2024. It rated ENPH as “a Hold” which previously was an “a Buy”.
Price Performance Review of ENPH
On Friday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock fall -3.94% to $124.61. Over the last five days, the stock has gained 1.52%. Enphase Energy Inc shares have fallen nearly -5.70% since the year began. Nevertheless, the stocks have fallen -30.46% over the past one year. While a 52-week high of $192.22 was reached on 06/12/24, a 52-week low of $73.49 was recorded on 02/05/24. SMA at 50 days reached $117.88, while 200 days put it at $114.29. A total of 2.95 million shares were traded, compared to the trading of 2.67 million shares in the previous session.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 122.01, which if violated will result in even more drops to 119.42. On the upside, there is a resistance level at 129.47. A further resistance level may holdings at 134.33. The Relative Strength Index (RSI) on the 14-day chart is 50.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.79%. Stochastics %K at 44.88% indicates the stock is a holding.
