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Taking a look at what insiders are doing to gauge the Solid Power Inc (SLDP)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Solid Power Inc shares valued at $311,194 were sold by Buettner-Garrett Joshua on Jun 14 ’24. At $1.66 per share, Buettner-Garrett Joshua sold 187,500 shares. The insider’s holdings dropped to 687,473 shares worth approximately $1.16 million following the completion of this transaction.

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Also, Buettner-Garrett Joshua sold 187,500 shares, netting a total of over 315,075 in proceeds. Following the sale of shares at $1.68 each, the insider now holds 687,473 shares.

Before that, Buettner-Garrett Joshua had sold 187,500 shares from its account. In a trade valued at $348,900, the Chief Technology Officer traded Solid Power Inc shares for $1.86 each. Upon closing the transaction, the insider’s holdings decreased to 187,500 shares, worth approximately $1.17 million.

As published in a research note from Wolfe Research on June 08, 2023, Solid Power Inc [SLDP] has been rated down from a Peer perform to an Underperform and the price target has been revised to $2. As of December 14, 2022, Citigroup has initiated its “Neutral” rating for SLDP. Earlier on December 02, 2022, Stifel initiated its rating. Their recommendation was “a Hold” for SLDP stock.

Analyzing SLDP Stock Performance

During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Solid Power Inc shares have jumped approximately 16.55%. Shares of the company reached a 52-week high of $2.1100 on 04/01/24 and a 52-week low of $1.1025 on 01/22/24. A 50-day SMA is recorded $1.7174, while a 200-day SMA reached $1.6036. Nevertheless, trading volume fell to 1.47 million shares from 1.4 million shares the previous day.

Support And Resistance Levels for Solid Power Inc (SLDP)

According to the 24-hour chart, there is a support level at 1.6567, which, if violated, would cause prices to drop to 1.5933. In the upper region, resistance lies at 1.7567. The next price resistance is at 1.7933. RSI (Relative Strength Index) is 51.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0269, which suggests the price will decrease in the coming days. Percent R is at 11.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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