Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sunnova Energy International Inc shares valued at $871,039 were sold by Berger William J on Aug 23 ’24. At $11.31 per share, Berger William J sold 77,000 shares. The insider’s holdings dropped to 409,045 shares worth approximately $2.56 million following the completion of this transaction.
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Also, Berger William J purchased 77,000 shares, netting a total of over 870,227 in proceeds.
Before that, Berger William J had sold 48,413 shares from its account. In a trade valued at $341,157, the insider traded Sunnova Energy International Inc shares for $7.05 each. Upon closing the transaction, the insider’s holdings decreased to 48,413 shares, worth approximately $3.04 million.
As published in their initiating research note from Jefferies on October 10, 2024, Sunnova Energy International Inc [NOVA] has been a Buy and the price target has been revised to $15. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 23, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for NOVA. Earlier on April 19, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for NOVA stock which previously was a “an Overweight”.
Analyzing NOVA Stock Performance
During the last five days, there has been a drop of approximately -8.88%. Over the course of the year, Sunnova Energy International Inc shares have dropped approximately -58.95%. Shares of the company reached a 52-week high of $15.61 on 01/02/24 and a 52-week low of $3.37 on 05/01/24. A 50-day SMA is recorded $9.39, while a 200-day SMA reached $7.50. Nevertheless, trading volume fell to 6.58 million shares from 6.88 million shares the previous day.
Support And Resistance Levels for Sunnova Energy International Inc (NOVA)
According to the 24-hour chart, there is a support level at 5.99, which, if violated, would cause prices to drop to 5.73. In the upper region, resistance lies at 6.45. The next price resistance is at 6.65. RSI (Relative Strength Index) is 26.19 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 93.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
