Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sunrun Inc shares valued at $846,467 were sold by Jurich Lynn Michelle on Jul 19 ’24. At $16.93 per share, Jurich Lynn Michelle sold 50,000 shares. The insider’s holdings dropped to 1,294,383 shares worth approximately $22.63 million following the completion of this transaction.
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Also, Powell Mary sold 5,569 shares, netting a total of over 70,260 in proceeds. Following the sale of shares at $12.62 each, the insider now holds 581,341 shares.
Before that, Abajian Danny had sold 4,662 shares from its account. In a trade valued at $58,840, the Chief Financial Officer traded Sunrun Inc shares for $12.62 each. Upon closing the transaction, the insider’s holdings decreased to 4,662 shares, worth approximately $4.95 million.
As published in a research note from Janney on February 27, 2024, Sunrun Inc [RUN] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early January. As of December 19, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for RUN. Earlier on December 15, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for RUN stock.
Analyzing RUN Stock Performance
During the last five days, there has been a surge of approximately 2.52%. Over the course of the year, Sunrun Inc shares have dropped approximately -10.95%. Shares of the company reached a 52-week high of $20.07 on 01/02/24 and a 52-week low of $9.34 on 03/14/24. A 50-day SMA is recorded $13.91, while a 200-day SMA reached $13.14. Nevertheless, trading volume fell to 12.14 million shares from 12.19 million shares the previous day.
Support And Resistance Levels for Sunrun Inc (RUN)
According to the 24-hour chart, there is a support level at 16.77, which, if violated, would cause prices to drop to 16.06. In the upper region, resistance lies at 18.22. The next price resistance is at 18.95. RSI (Relative Strength Index) is 66.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.17, which suggests the price will increase in the coming days. Percent R is at 13.64%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
