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. Solaredge Technologies Inc shares valued at $474,250 were purchased by AVERY MORE on Feb 29 ’24. At $67.75 per share, AVERY MORE acquired 7,000 shares. The insider’s holdings grew to 77,446 shares worth approximately $1.9 million following the completion of this transaction.
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Also, GANI MARCEL purchased 5,000 shares, netting a total of over 367,450 in proceeds. Following the buying of shares at $73.49 each, the insider now holds 29,049 shares.
Before that, AVERY MORE had added 15,300 shares to its account. In a trade valued at $1,085,632, the Director bought Solaredge Technologies Inc shares for $70.96 each. Upon closing the transaction, the insider’s holdings increased to 15,300 shares, worth approximately $1.73 million.
As published in a research note from TD Cowen on August 08, 2024, Solaredge Technologies Inc [SEDG] has been retained to a Buy and the price target has been revised to $35. Analysts at ROTH MKM resumed the stock at ‘”a Neutral”‘ outlook in a report released in late July. As of July 17, 2024, DZ Bank has decreased its “Hold” rating to a “Sell” for SEDG. Earlier on July 08, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for SEDG stock which previously was a “an Underperform”.
Analyzing SEDG Stock Performance
During the last five days, there has been a surge of approximately 7.43%. Over the course of the year, Solaredge Technologies Inc shares have dropped approximately -73.75%. Shares of the company reached a 52-week high of $97.27 on 01/02/24 and a 52-week low of $19.81 on 08/08/24. A 50-day SMA is recorded $29.94, while a 200-day SMA reached $60.33. Nevertheless, trading volume fell to 3.4 million shares from 3.84 million shares the previous day.
Support And Resistance Levels for Solaredge Technologies Inc (SEDG)
According to the 24-hour chart, there is a support level at 23.20, which, if violated, would cause prices to drop to 21.84. In the upper region, resistance lies at 25.78. The next price resistance is at 26.99. RSI (Relative Strength Index) is 44.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 54.62%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
