Generac Holdings Inc’s filing revealed that its EVP, GC, Corp. Secretary Kanuru Rajendra Kumar unloaded Company’s shares for reported $1.76 million on Jun 03 ’24. In the deal valued at $148.98 per share,11,790 shares were sold. As a result of this transaction, Kanuru Rajendra Kumar now holds 16,925 shares worth roughly $2.28 million.
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Then, Jagdfeld Aaron sold 5,000 shares, generating $744,900 in total proceeds. Upon selling the shares at $148.98, the Chief Executive Officer now owns 582,177 shares.
Before that, Forsythe Patrick John sold 65,855 shares. Generac Holdings Inc shares valued at $9,601,949 were divested by the Chief Technical Officer at a price of $145.80 per share. As a result of the transaction, Forsythe Patrick John now holds 19,815 shares, worth roughly $2.67 million.
Janney downgraded its Generac Holdings Inc [GNRC] rating to a Neutral from a a Buy in a research note published on June 13, 2024; the price target was increased to $154 from $126. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late May from “a Neutral” to “a Sell”. JP Morgan also remained covering GNRC and has decreased its forecast on May 23, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Oppenheimer revised its rating on May 22, 2024. It rated GNRC as “a Perform” which previously was an “an Outperform”.
Price Performance Review of GNRC
On Friday, Generac Holdings Inc [NYSE:GNRC] saw its stock fall -0.87% to $134.97. Over the last five days, the stock has lost -2.37%. Generac Holdings Inc shares have risen nearly 4.43% since the year began. Nevertheless, the stocks have risen 12.90% over the past one year. While a 52-week high of $156.95 was reached on 05/22/24, a 52-week low of $79.86 was recorded on 02/26/24. SMA at 50 days reached $139.29, while 200 days put it at $120.11. A total of 0.69 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For GNRC Stock
The 24-hour chart illustrates a support level at 132.76, which if violated will result in even more drops to 130.54. On the upside, there is a resistance level at 136.12. A further resistance level may holdings at 137.26. The Relative Strength Index (RSI) on the 14-day chart is 41.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.60%. Stochastics %K at 22.54% indicates the stock is a holding.
The most recent change occurred on April 05, 2024 when Canaccord Genuity resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $150.
