Array Technologies Inc’s recently made public that its Chief Executive Officer Hostetler Kevin G. unloaded Company’s shares for reported $0.1 million on Mar 20 ’24. In the deal valued at $12.30 per share,8,176 shares were sold. As a result of this transaction, Hostetler Kevin G. now holds 217,352 shares worth roughly $1.53 million.
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A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. ROTH MKM also remained covering ARRY and has decreased its forecast on August 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on July 12, 2024. It rated ARRY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ARRY
On Tuesday, Array Technologies Inc [NASDAQ:ARRY] saw its stock jump 4.90% to $7.06. Over the last five days, the stock has gained 9.63%. Array Technologies Inc shares have fallen nearly -57.98% since the year began. Nevertheless, the stocks have fallen -63.68% over the past one year. While a 52-week high of $20.15 was reached on 01/02/24, a 52-week low of $5.56 was recorded on 09/10/24. SMA at 50 days reached $6.76, while 200 days put it at $11.29.
Levels Of Support And Resistance For ARRY Stock
The 24-hour chart illustrates a support level at 6.75, which if violated will result in even more drops to 6.44. On the upside, there is a resistance level at 7.22. A further resistance level may holdings at 7.37. The Relative Strength Index (RSI) on the 14-day chart is 54.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.13%. Stochastics %K at 81.42% indicates the stock is a selling.
How much short interest is there in Array Technologies Inc?
A steep rise in short interest was recorded in Array Technologies Inc stocks on 2024-09-30, growing by 3.47 million shares to a total of 32.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 29.09 million shares. There was a rise of 10.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $14 price target.
