Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Generac Holdings Inc shares valued at $483,570 were purchased by Kanuru Rajendra Kumar on Oct 04 ’24. At $161.19 per share, Kanuru Rajendra Kumar acquired 3,000 shares.
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Also, Jagdfeld Aaron sold 5,000 shares, netting a total of over 794,650 in proceeds. Following the sale of shares at $158.93 each, the insider now holds 562,177 shares.
Before that, Jagdfeld Aaron had added 5,000 shares to its account. In a trade valued at $794,650, the Officer bought Generac Holdings Inc shares for $158.93 each.
As published in a research note from TD Cowen on August 01, 2024, Generac Holdings Inc [GNRC] has been retained to a Buy and the price target has been revised to $172. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of May 30, 2024, Guggenheim has decreased its “Neutral” rating to a “Sell” for GNRC. Earlier on May 23, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for GNRC stock which previously was a “an Overweight”.
Analyzing GNRC Stock Performance
During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, Generac Holdings Inc shares have jumped approximately 27.79%. Shares of the company reached a 52-week high of $176.14 on 10/17/24 and a 52-week low of $108.89 on 02/26/24. A 50-day SMA is recorded $156.54, while a 200-day SMA reached $139.11. Nevertheless, trading volume fell to 1.07 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Generac Holdings Inc (GNRC)
According to the 24-hour chart, there is a support level at 163.50, which, if violated, would cause prices to drop to 161.85. In the upper region, resistance lies at 166.57. The next price resistance is at 167.99. RSI (Relative Strength Index) is 53.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.72, which suggests the price will decrease in the coming days. Percent R is at 78.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
