Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sunrun Inc shares valued at $42,896 were sold by STEELE JEANNA on Oct 07 ’24. At $16.35 per share, STEELE JEANNA sold 2,624 shares. The insider’s holdings dropped to 305,636 shares worth approximately $4.45 million following the completion of this transaction.
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Also, Powell Mary sold 6,415 shares, netting a total of over 104,849 in proceeds. Following the sale of shares at $16.34 each, the insider now holds 569,368 shares.
Before that, Dickson Paul S. had sold 4,017 shares from its account. In a trade valued at $65,664, the Pres. & Chief Revenue Officer traded Sunrun Inc shares for $16.35 each. Upon closing the transaction, the insider’s holdings decreased to 4,017 shares, worth approximately $6.18 million.
As published in a research note from Janney on February 27, 2024, Sunrun Inc [RUN] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early January. As of December 19, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for RUN. Earlier on December 15, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for RUN stock.
Analyzing RUN Stock Performance
During the last five days, there has been a drop of approximately -6.12%. Over the course of the year, Sunrun Inc shares have dropped approximately -25.78%. Shares of the company reached a 52-week high of $22.26 on 08/26/24 and a 52-week low of $9.34 on 03/14/24. A 50-day SMA is recorded $18.41, while a 200-day SMA reached $14.69. Nevertheless, trading volume fell to 5.92 million shares from 5.37 million shares the previous day.
Support And Resistance Levels for Sunrun Inc (RUN)
According to the 24-hour chart, there is a support level at 14.24, which, if violated, would cause prices to drop to 13.90. In the upper region, resistance lies at 15.12. The next price resistance is at 15.66. RSI (Relative Strength Index) is 30.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 97.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
