In a filing, Nextracker Inc revealed its President – Strtgy & Admnstrtn LEDESMA BRUCE unloaded Company’s shares for reported $0.53 million on May 20 ’24. In the deal valued at $43.91 per share,12,135 shares were sold. As a result of this transaction, LEDESMA BRUCE now holds 17,387 shares worth roughly $0.82 million.
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Then, Schlesinger Leah sold 2,149 shares, generating $111,555 in total proceeds. Upon selling the shares at $51.91, the GC, Ch Eth & Compl Off’r & Sec now owns 11,910 shares.
Before that, Miller Nicholas Marco sold 8,355 shares. Nextracker Inc shares valued at $440,024 were divested by the Chief Operating Officer at a price of $52.67 per share. As a result of the transaction, Miller Nicholas Marco now holds 11,114 shares, worth roughly $0.52 million.
Susquehanna initiated its Nextracker Inc [NXT] rating to a Positive in a research note published on June 28, 2024; the price target was $59. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who increased its forecast for the stock in mid May from “an Equal weight” to “an Overweight”. Northland Capital also remained covering NXT and has decreased its forecast on April 26, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Barclays revised its rating on April 02, 2024. It rated NXT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of NXT
On Friday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -4.58% to $46.88. Over the last five days, the stock has lost -14.44%. Nextracker Inc shares have risen nearly 0.06% since the year began. Nevertheless, the stocks have risen 26.26% over the past one year. While a 52-week high of $62.31 was reached on 06/13/24, a 52-week low of $32.14 was recorded on 01/17/24. SMA at 50 days reached $49.80, while 200 days put it at $46.90. A total of 8.62 million shares were traded, compared to the trading of 5.73 million shares in the previous session.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 45.50, which if violated will result in even more drops to 44.12. On the upside, there is a resistance level at 49.24. A further resistance level may holdings at 51.60. The Relative Strength Index (RSI) on the 14-day chart is 36.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.08%. Stochastics%K at 7.71% indicates the stock is a buying.
The most recent change occurred on April 01, 2024 when Daiwa Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $63 price target.
