Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Generac Holdings Inc shares valued at $794,650 were sold by Jagdfeld Aaron on Oct 01 ’24. At $158.93 per share, Jagdfeld Aaron sold 5,000 shares. The insider’s holdings dropped to 562,177 shares worth approximately $88.84 million following the completion of this transaction.
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Also, Jagdfeld Aaron purchased 5,000 shares, netting a total of over 794,650 in proceeds.
Before that, Jagdfeld Aaron had sold 5,000 shares from its account. In a trade valued at $776,800, the Chief Executive Officer traded Generac Holdings Inc shares for $155.36 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $89.63 million.
As published in a research note from TD Cowen on August 01, 2024, Generac Holdings Inc [GNRC] has been retained to a Buy and the price target has been revised to $172. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of May 30, 2024, Guggenheim has decreased its “Neutral” rating to a “Sell” for GNRC. Earlier on May 23, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for GNRC stock which previously was a “an Overweight”.
Analyzing GNRC Stock Performance
During the last five days, there has been a surge of approximately 3.81%. Over the course of the year, Generac Holdings Inc shares have jumped approximately 22.27%. Shares of the company reached a 52-week high of $169.57 on 07/31/24 and a 52-week low of $108.89 on 02/26/24. A 50-day SMA is recorded $148.78, while a 200-day SMA reached $135.01. Nevertheless, trading volume fell to 0.75 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Generac Holdings Inc (GNRC)
According to the 24-hour chart, there is a support level at 156.36, which, if violated, would cause prices to drop to 154.71. In the upper region, resistance lies at 160.75. The next price resistance is at 163.49. RSI (Relative Strength Index) is 61.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.26, which suggests the price will increase in the coming days. Percent R is at 18.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
