Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fluence Energy Inc shares valued at $605,500 were sold by Zahurancik John on Jun 12 ’24. At $24.22 per share, Zahurancik John sold 25,000 shares. The insider’s holdings dropped to 96,005 shares worth approximately $1.81 million following the completion of this transaction.
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Also, Nebreda Julian purchased 6,700 shares, netting a total of over 98,926 in proceeds. Following the buying of shares at $14.77 each, the insider now holds 55,090 shares.
Before that, Pasha Ahmed had added 3,300 shares to its account. In a trade valued at $50,160, the SVP & Chief Financial Officer bought Fluence Energy Inc shares for $15.20 each. Upon closing the transaction, the insider’s holdings increased to 3,300 shares, worth approximately $62271.0.
As published in a research note from Guggenheim on June 06, 2024, Fluence Energy Inc [FLNC] has been rated down from a Buy to a Neutral. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early April. As of February 26, 2024, Susquehanna has increased its “Neutral” rating to a “Positive” for FLNC. Earlier on February 23, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for FLNC stock which previously was a “a Neutral”.
Analyzing FLNC Stock Performance
During the last five days, there has been a drop of approximately -6.86%. Over the course of the year, Fluence Energy Inc shares have dropped approximately -20.88%. Shares of the company reached a 52-week high of $26.12 on 05/31/24 and a 52-week low of $13.03 on 03/15/24. A 50-day SMA is recorded $19.81, while a 200-day SMA reached $19.85. Nevertheless, trading volume fell to 1.58 million shares from 2.3 million shares the previous day.
Support And Resistance Levels for Fluence Energy Inc (FLNC)
According to the 24-hour chart, there is a support level at 18.43, which, if violated, would cause prices to drop to 18.00. In the upper region, resistance lies at 19.12. The next price resistance is at 19.38. RSI (Relative Strength Index) is 39.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.11, which suggests the price will decrease in the coming days. Percent R is at 87.92%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
