Generac Holdings Inc’s recently made public that its Chief Executive Officer Jagdfeld Aaron unloaded Company’s shares for reported $0.78 million on Aug 01 ’24. In the deal valued at $155.98 per share,5,000 shares were sold. As a result of this transaction, Jagdfeld Aaron now holds 572,177 shares worth roughly $90.24 million.
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Then, Jagdfeld Aaron bought 5,000 shares, generating $779,900 in total proceeds.
Before that, Jagdfeld Aaron sold 5,000 shares. Generac Holdings Inc shares valued at $666,950 were divested by the Chief Executive Officer at a price of $133.39 per share. As a result of the transaction, Jagdfeld Aaron now holds 577,177 shares, worth roughly $91.03 million.
TD Cowen reiterated its Generac Holdings Inc [GNRC] rating to a Buy in a research note published on August 01, 2024; the price target was $172. A number of analysts have revised their coverage, including Janney’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. Guggenheim also remained covering GNRC and has decreased its forecast on May 30, 2024 with a “Sell” recommendation from previously “Neutral” rating. JP Morgan revised its rating on May 23, 2024. It rated GNRC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of GNRC
On Monday, Generac Holdings Inc [NYSE:GNRC] saw its stock jump 0.55% to $157.71. Over the last five days, the stock has gained 1.68%. Generac Holdings Inc shares have risen nearly 22.03% since the year began. Nevertheless, the stocks have risen 37.39% over the past one year. While a 52-week high of $169.57 was reached on 07/31/24, a 52-week low of $79.86 was recorded on 02/26/24. SMA at 50 days reached $146.47, while 200 days put it at $130.61.
Levels Of Support And Resistance For GNRC Stock
The 24-hour chart illustrates a support level at 156.16, which if violated will result in even more drops to 154.60. On the upside, there is a resistance level at 158.77. A further resistance level may holdings at 159.82. The Relative Strength Index (RSI) on the 14-day chart is 61.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.52%. Stochastics %K at 89.56% indicates the stock is a selling.
How much short interest is there in Generac Holdings Inc?
A steep rise in short interest was recorded in Generac Holdings Inc stocks on 2024-07-31, dropping by -0.48 million shares to a total of 2.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.09 million shares. There was a decline of -18.59%, which implies that there is a negative sentiment for the stock.
