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Examining the Potential Price Growth of Sunrun Inc (RUN)

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Sunrun Inc’s filing revealed 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 $17.01 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 $1.14 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 jump 3.60% to $12.65. Over the last five days, the stock has gained 6.66%. Sunrun Inc shares have fallen nearly -35.56% since the year began. Nevertheless, the stocks have fallen -23.38% 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 $12.53, while 200 days put it at $12.86. A total of 12.44 million shares were traded, compared to the trading of 10.73 million shares in the previous session.

Levels Of Support And Resistance For RUN Stock

The 24-hour chart illustrates a support level at 12.40, which if violated will result in even more drops to 12.15. On the upside, there is a resistance level at 12.85. A further resistance level may holdings at 13.05. The Relative Strength Index (RSI) on the 14-day chart is 49.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.27%. Stochastics%K at 51.02% indicates the stock is a holding.

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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