Enphase Energy Inc’s recently made public that its EVP & Chief Commercial Officer RANHOFF DAVID A unloaded Company’s shares for reported $0.62 million on Jun 17 ’24. In the deal valued at $123.27 per share,5,000 shares were sold. As a result of this transaction, RANHOFF DAVID A now holds 107,943 shares worth roughly $12.28 million.
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Then, Rodgers Thurman J sold 5,188 shares, generating $672,346 in total proceeds. Upon selling the shares at $129.60, the Director now owns 1,979,374 shares.
Before that, Rodgers Thurman J sold 319,526 shares. Enphase Energy Inc shares valued at $40,431,110 were divested by the Director at a price of $126.53 per share. As a result of the transaction, Rodgers Thurman J now holds 1,984,562 shares, worth roughly $225.68 million.
Canaccord Genuity reiterated its Enphase Energy Inc [ENPH] rating to a Buy in a research note published on July 24, 2024; the price target was $140. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. Barclays also remained covering ENPH and has increased its forecast on April 26, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. TD Cowen maintained its rating on April 24, 2024. It rated ENPH as “a Buy”.
Price Performance Review of ENPH
On Monday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock fall -4.71% to $113.72. Over the last five days, the stock has gained 8.57%. Enphase Energy Inc shares have fallen nearly -13.94% since the year began. Nevertheless, the stocks have fallen -31.82% over the past one year. While a 52-week high of $175.59 was reached on 06/12/24, a 52-week low of $73.49 was recorded on 02/05/24. SMA at 50 days reached $115.34, while 200 days put it at $112.36. A total of 4.49 million shares were traded, compared to the trading of 3.59 million shares in the previous session.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 110.75, which if violated will result in even more drops to 107.78. On the upside, there is a resistance level at 118.84. A further resistance level may holdings at 123.96. The Relative Strength Index (RSI) on the 14-day chart is 52.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.70%. Stochastics%K at 74.84% indicates the stock is a holding.
