New Fortress Energy Inc’s filing revealed that its Chief Executive Officer EDENS WESLEY R acquired Company’s shares for reported $50.0 million on Oct 01 ’24. In the deal valued at $8.63 per share,5,793,742 shares were bought. As a result of this transaction, EDENS WESLEY R now holds 35,721,915 shares worth roughly $327.21 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Morgan Stanley downgraded its New Fortress Energy Inc [NFE] rating to an Equal-weight from a an Overweight in a research note published on October 03, 2024; the price target was decreased to $15 from $35. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early October from “a Hold” to “a Sell”. Deutsche Bank also remained covering NFE and has decreased its forecast on March 04, 2024 with a “Hold” recommendation from previously “Buy” rating. CapitalOne started covering the stock on December 19, 2023. It rated NFE as “an Equal weight”.
Price Performance Review of NFE
On Friday, New Fortress Energy Inc [NASDAQ:NFE] saw its stock jump 0.33% to $9.16. Over the last five days, the stock has lost -2.14%. New Fortress Energy Inc shares have fallen nearly -75.72% since the year began. Nevertheless, the stocks have fallen -71.95% over the past one year. While a 52-week high of $40.04 was reached on 01/02/24, a 52-week low of $8.20 was recorded on 09/30/24. SMA at 50 days reached $10.99, while 200 days put it at $23.38.
Levels Of Support And Resistance For NFE Stock
The 24-hour chart illustrates a support level at 8.97, which if violated will result in even more drops to 8.79. On the upside, there is a resistance level at 9.32. A further resistance level may holdings at 9.49. The Relative Strength Index (RSI) on the 14-day chart is 42.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.45%. Stochastics %K at 31.58% indicates the stock is a holding.
How much short interest is there in New Fortress Energy Inc?
A steep rise in short interest was recorded in New Fortress Energy Inc stocks on 2024-09-30, growing by 3.32 million shares to a total of 24.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 21.44 million shares. There was a rise of 13.42%, which implies that there is a positive sentiment for the stock.
