Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sunnova Energy International Inc shares valued at $341,157 were sold by Berger William J on Jul 30 ’24. At $7.05 per share, Berger William J sold 48,413 shares. The insider’s holdings dropped to 486,045 shares worth approximately $4.85 million following the completion of this transaction.
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Also, Berger William J purchased 48,413 shares, netting a total of over 340,641 in proceeds.
Before that, Hultberg Kelsey had sold 1,086 shares from its account. In a trade valued at $6,244, the insider traded Sunnova Energy International Inc shares for $5.75 each. Upon closing the transaction, the insider’s holdings decreased to 1,086 shares, worth approximately $0.29 million.
As published in a research note from Piper Sandler on May 21, 2024, Sunnova Energy International Inc [NOVA] has been rated down from an Overweight to a Neutral and the price target has been revised to $4.50 from $9. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in late April. As of April 19, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for NOVA. Earlier on March 22, 2024, Janney upgraded its rating. Their new recommendation was “a Buy” for NOVA stock which previously was a “a Neutral”.
Analyzing NOVA Stock Performance
During the last five days, there has been a surge of approximately 28.77%. Over the course of the year, Sunnova Energy International Inc shares have dropped approximately -34.56%. Shares of the company reached a 52-week high of $15.61 on 01/02/24 and a 52-week low of $3.37 on 05/01/24. A 50-day SMA is recorded $6.90, while a 200-day SMA reached $7.93. Nevertheless, trading volume fell to 3.64 million shares from 4.11 million shares the previous day.
Support And Resistance Levels for Sunnova Energy International Inc (NOVA)
According to the 24-hour chart, there is a support level at 9.70, which, if violated, would cause prices to drop to 9.42. In the upper region, resistance lies at 10.19. The next price resistance is at 10.41. RSI (Relative Strength Index) is 71.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.69, which suggests the price will increase in the coming days. Percent R is at 4.14%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
