Solaredge Technologies Inc’s filing revealed that its Director AVERY MORE acquired Company’s shares for reported $0.47 million on Feb 29 ’24. In the deal valued at $67.75 per share,7,000 shares were bought. As a result of this transaction, AVERY MORE now holds 77,446 shares worth roughly $1.41 million.
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Then, GANI MARCEL bought 5,000 shares, generating $367,450 in total proceeds. Upon buying the shares at $73.49, the Director now owns 29,049 shares.
Before that, AVERY MORE bought 15,300 shares. Solaredge Technologies Inc shares valued at $1,085,632 were divested by the Director at a price of $70.96 per share. As a result of the transaction, AVERY MORE now holds 70,446 shares, worth roughly $1.28 million.
Jefferies downgraded its Solaredge Technologies Inc [SEDG] rating to an Underperform from a a Hold in a research note published on September 17, 2024; the price target was decreased to $17 from $27. 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. William Blair began covering SEDG with “Mkt perform” recommendation on August 29, 2024. TD Cowen maintained its rating on August 08, 2024. It rated SEDG as “a Buy”.
Price Performance Review of SEDG
On Tuesday, Solaredge Technologies Inc [NASDAQ:SEDG] saw its stock fall -3.40% to $18.19. Over the last five days, the stock has lost -1.99%. Solaredge Technologies Inc shares have fallen nearly -80.57% since the year began. Nevertheless, the stocks have fallen -84.81% over the past one year. While a 52-week high of $130.38 was reached on 01/02/24, a 52-week low of $17.12 was recorded on 09/10/24. SMA at 50 days reached $22.00, while 200 days put it at $47.72.
Levels Of Support And Resistance For SEDG Stock
The 24-hour chart illustrates a support level at 17.76, which if violated will result in even more drops to 17.32. On the upside, there is a resistance level at 18.70. A further resistance level may holdings at 19.20. The Relative Strength Index (RSI) on the 14-day chart is 39.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.26%. Stochastics %K at 17.73% indicates the stock is a buying.
How much short interest is there in Solaredge Technologies Inc?
A steep rise in short interest was recorded in Solaredge Technologies Inc stocks on 2024-09-30, dropping by -0.77 million shares to a total of 16.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.26 million shares. There was a decline of -4.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 23, 2024 when ROTH MKM resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $27.
