The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pineapple Energy Inc shares valued at $40,331 were purchased by Conroy Jeffrey J. on Oct 10 ’24. At $0.12 per share, Conroy Jeffrey J. acquired 350,704 shares. The insider’s holdings grew to 2,210,704 shares worth approximately $9.95 million following the completion of this transaction.
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Also, Conroy Jeffrey J. sold 16,014 shares, netting a total of over 1,810 in proceeds. Following the sale of shares at $0.11 each, the insider now holds 2,194,690 shares.
Before that, Conroy Jeffrey J. had added 333,921 shares to its account. In a trade valued at $36,063, the 10% Owner bought Pineapple Energy Inc shares for $0.11 each. Upon closing the transaction, the insider’s holdings increased to 333,921 shares, worth approximately $8.5 million.
Analyzing PEGY Stock Performance
During the last five days, there has been a drop of approximately -18.33%. Over the course of the year, Pineapple Energy Inc shares have dropped approximately -98.99%. Shares of the company reached a 52-week high of $480.00 on 01/03/24 and a 52-week low of $4.05 on 10/23/24. A 50-day SMA is recorded $17.98, while a 200-day SMA reached $82.88. Nevertheless, trading volume fell to 3.32 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Pineapple Energy Inc (PEGY)
According to the 24-hour chart, there is a support level at 4.11, which, if violated, would cause prices to drop to 3.72. In the upper region, resistance lies at 5.00. The next price resistance is at 5.50. RSI (Relative Strength Index) is 32.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 94.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
