Solaredge Technologies Inc’s recently made public 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 $1.3 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 $1.18 million.
TD Cowen downgraded its Solaredge Technologies Inc [SEDG] rating to a Hold from a a Buy in a research note published on October 21, 2024; the price target was decreased to $16 from $35. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid October from “a Neutral” to “a Sell”. Jefferies also remained covering SEDG and has decreased its forecast on September 17, 2024 with a “an Underperform” recommendation from previously “Hold” rating. Jefferies started covering the stock on September 04, 2024. It rated SEDG as “a Hold”.
Price Performance Review of SEDG
On Tuesday, Solaredge Technologies Inc [NASDAQ:SEDG] saw its stock fall -3.95% to $16.77. Over the last five days, the stock has lost -4.61%. Solaredge Technologies Inc shares have fallen nearly -82.08% since the year began. Nevertheless, the stocks have fallen -78.22% over the past one year. While a 52-week high of $103.15 was reached on 01/02/24, a 52-week low of $14.82 was recorded on 10/24/24. SMA at 50 days reached $20.68, while 200 days put it at $44.45.
Levels Of Support And Resistance For SEDG Stock
The 24-hour chart illustrates a support level at 16.29, which if violated will result in even more drops to 15.82. On the upside, there is a resistance level at 17.46. A further resistance level may holdings at 18.16. The Relative Strength Index (RSI) on the 14-day chart is 41.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.57%. Stochastics %K at 39.35% indicates the stock is a holding.
How much short interest is there in Solaredge Technologies Inc?
A steep rise in short interest was recorded in Solaredge Technologies Inc stocks on 2024-10-15, dropping by -2.15 million shares to a total of 16.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.74 million shares. There was a decline of -12.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 29, 2024 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .
