Enphase Energy Inc’s recent filing unveils that its Officer DAVID A RANHOFF acquired Company’s shares for reported $0.57 million on Aug 15 ’24. In the deal valued at $113.30 per share,5,000 shares were bought.
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Then, RANHOFF DAVID A sold 5,000 shares, generating $616,348 in total proceeds. Upon selling the shares at $123.27, the EVP & Chief Commercial Officer now owns 107,943 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 $204.49 million.
William Blair initiated its Enphase Energy Inc [ENPH] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Outperform”. Canaccord Genuity also remained covering ENPH and reiterated its “Buy” recommendation on July 24, 2024. HSBC Securities revised its rating on June 10, 2024. It rated ENPH as “a Buy” which previously was an “a Hold”.
Price Performance Review of ENPH
On Monday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock fall -5.16% to $103.04. Over the last five days, the stock has lost -14.87%. Enphase Energy Inc shares have fallen nearly -22.02% since the year began. Nevertheless, the stocks have fallen -15.70% over the past one year. While a 52-week high of $141.63 was reached on 06/12/24, a 52-week low of $73.49 was recorded on 02/05/24. SMA at 50 days reached $110.98, while 200 days put it at $114.98.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 100.14, which if violated will result in even more drops to 97.25. On the upside, there is a resistance level at 107.90. A further resistance level may holdings at 112.77. The Relative Strength Index (RSI) on the 14-day chart is 35.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.68%. Stochastics %K at 4.05% indicates the stock is a buying.
How much short interest is there in Enphase Energy Inc?
A steep rise in short interest was recorded in Enphase Energy Inc stocks on 2024-08-15, dropping by -0.49 million shares to a total of 14.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 14.55 million shares. There was a decline of -3.5%, which implies that there is a negative sentiment for the stock.
