Plug Power Inc’s recently made public that its Director MCNAMEE GEORGE C unloaded Company’s shares for reported $23719.0 on Aug 01 ’24. In the deal valued at $2.37 per share,10,000 shares were sold. As a result of this transaction, MCNAMEE GEORGE C now holds 683,444 shares worth roughly $1.41 million.
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Then, MSSB C/FGEORGE C MCNAMEEIRA RO bought 10,000 shares, generating $24,700 in total proceeds.
Before that, MCNAMEE GEORGE C sold 10,000 shares. Plug Power Inc shares valued at $25,576 were divested by the Director at a price of $2.56 per share. As a result of the transaction, MCNAMEE GEORGE C now holds 639,572 shares, worth roughly $1.32 million.
Citigroup downgraded its Plug Power Inc [PLUG] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. UBS also remained covering PLUG and has decreased its forecast on February 06, 2024 with a “Neutral” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on February 06, 2024. It rated PLUG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PLUG
On Tuesday, Plug Power Inc [NASDAQ:PLUG] saw its stock fall -8.44% to $2.06. Plug Power Inc shares have fallen nearly -54.22% since the year began. Nevertheless, the stocks have fallen -68.84% over the past one year. While a 52-week high of $7.90 was reached on 02/01/24, a 52-week low of $1.60 was recorded on 09/06/24. SMA at 50 days reached $2.06, while 200 days put it at $2.95.
Levels Of Support And Resistance For PLUG Stock
The 24-hour chart illustrates a support level at 1.99, which if violated will result in even more drops to 1.92. On the upside, there is a resistance level at 2.19. A further resistance level may holdings at 2.32. The Relative Strength Index (RSI) on the 14-day chart is 49.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.81%. Stochastics %K at 65.89% indicates the stock is a holding.
How much short interest is there in Plug Power Inc?
A steep rise in short interest was recorded in Plug Power Inc stocks on 2024-09-13, growing by 27.51 million shares to a total of 257.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 229.5 million shares. There was a rise of 10.7%, which implies that there is a positive sentiment for the stock.
