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Insider Selling: Jurich Lynn Michelle, Sunrun Inc [RUN] Director divested 50,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sunrun Inc shares valued at $1,009,761 were sold by Jurich Lynn Michelle on Sep 19 ’24. At $20.20 per share, Jurich Lynn Michelle sold 50,000 shares. The insider’s holdings dropped to 1,192,446 shares worth approximately $22.13 million following the completion of this transaction.

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Also, Jurich Lynn Michelle purchased 50,000 shares, netting a total of over 1,009,761 in proceeds.

Before that, Fenster Edward Harris had sold 4,646 shares from its account. In a trade valued at $83,674, the Director traded Sunrun Inc shares for $18.01 each. Upon closing the transaction, the insider’s holdings decreased to 4,646 shares, worth approximately $22.32 million.

As published in a research note from Janney on February 27, 2024, Sunrun Inc [RUN] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early January. As of December 19, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for RUN. Earlier on December 15, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for RUN stock.

Analyzing RUN Stock Performance

During the last five days, there has been a drop of approximately -2.98%. Over the course of the year, Sunrun Inc shares have dropped approximately -5.45%. Shares of the company reached a 52-week high of $22.26 on 08/26/24 and a 52-week low of $9.34 on 03/14/24. A 50-day SMA is recorded $18.63, while a 200-day SMA reached $14.81. Nevertheless, trading volume fell to 4.71 million shares from 5.74 million shares the previous day.

Support And Resistance Levels for Sunrun Inc (RUN)

According to the 24-hour chart, there is a support level at 18.10, which, if violated, would cause prices to drop to 17.63. In the upper region, resistance lies at 19.15. The next price resistance is at 19.73. RSI (Relative Strength Index) is 47.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 63.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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