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A company insider recently sold 50,000 shares of Sunrun Inc [RUN]. Should You also Consider to Sale?

Sunrun Inc’s recent filing unveils that its Director Jurich Lynn Michelle unloaded Company’s shares for reported $0.61 million on Jun 20 ’24. In the deal valued at $12.11 per share,50,000 shares were sold. As a result of this transaction, Jurich Lynn Michelle now holds 1,344,383 shares worth roughly $14.67 million.

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Then, Fenster Edward Harris sold 44,646 shares, generating $710,179 in total proceeds. Upon selling the shares at $15.91, the Director now owns 1,207,423 shares.

Before that, August-deWilde Katherine sold 23,584 shares. Sunrun Inc shares valued at $324,044 were divested by the Director at a price of $13.74 per share. As a result of the transaction, August-deWilde Katherine now holds 89,948 shares, worth roughly $0.98 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 fall -7.97% to $10.91. Over the last five days, the stock has lost -19.62%. Sunrun Inc shares have fallen nearly -44.40% since the year began. Nevertheless, the stocks have fallen -37.88% 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 $12.38, while 200 days put it at $12.91. A total of 13.57 million shares were traded, compared to the trading of 43.27 million shares in the previous session.

Levels Of Support And Resistance For RUN Stock

The 24-hour chart illustrates a support level at 10.50, which if violated will result in even more drops to 10.08. On the upside, there is a resistance level at 11.72. A further resistance level may holdings at 12.52. The Relative Strength Index (RSI) on the 14-day chart is 36.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.38%. Stochastics%K at 12.74% indicates the stock is a buying.

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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