In a filing, Shoals Technologies Group Inc revealed its President TOLNAR JEFFERY unloaded Company’s shares for reported $13377.0 on Sep 16 ’24. In the deal valued at $6.34 per share,2,110 shares were sold. As a result of this transaction, TOLNAR JEFFERY now holds 125,761 shares worth roughly $0.62 million.
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Then, Lund Inez sold 350 shares, generating $2,216 in total proceeds. Upon selling the shares at $6.33, the Chief Accounting Officer now owns 37,675 shares.
Before that, Jeffrey Tolnar bought 2,110 shares. Shoals Technologies Group Inc shares valued at $13,261 were divested by the President at a price of $6.28 per share.
Citigroup upgraded its Shoals Technologies Group Inc [SHLS] rating to a Neutral from a a Sell in a research note published on October 03, 2024; the price target was increased to $5.50 from $5. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Exane BNP Paribas also remained covering SHLS and has decreased its forecast on August 07, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Citigroup revised its rating on July 02, 2024. It rated SHLS as “a Sell” which previously was an “a Buy”.
Price Performance Review of SHLS
On Tuesday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock fall -3.53% to $4.92. Over the last five days, the stock has lost -9.56%. Shoals Technologies Group Inc shares have fallen nearly -68.34% since the year began. Nevertheless, the stocks have fallen -67.52% over the past one year. While a 52-week high of $18.46 was reached on 02/12/24, a 52-week low of $4.88 was recorded on 10/08/24. SMA at 50 days reached $5.67, while 200 days put it at $9.25.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 4.82, which if violated will result in even more drops to 4.72. On the upside, there is a resistance level at 5.05. A further resistance level may holdings at 5.18. The Relative Strength Index (RSI) on the 14-day chart is 33.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.83%. Stochastics %K at 5.35% indicates the stock is a buying.
How much short interest is there in Shoals Technologies Group Inc?
A steep rise in short interest was recorded in Shoals Technologies Group Inc stocks on 2024-09-13, growing by 1.84 million shares to a total of 21.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 19.65 million shares. There was a rise of 8.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 08, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $11.
