Enphase Energy Inc’s filing revealed that its Officer DAVID A RANHOFF acquired Company’s shares for reported $0.55 million on Sep 16 ’24. In the deal valued at $109.85 per share,5,000 shares were bought.
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Then, DAVID A RANHOFF bought 5,000 shares, generating $566,500 in total proceeds.
Before that, RANHOFF DAVID A sold 5,000 shares. Enphase Energy Inc shares valued at $616,348 were divested by the EVP & Chief Commercial Officer at a price of $123.27 per share. As a result of the transaction, RANHOFF DAVID A now holds 107,943 shares, worth roughly $6.87 million.
HSBC Securities downgraded its Enphase Energy Inc [ENPH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Jefferies also remained covering ENPH and has decreased its forecast on November 07, 2024 with a “an Underperform” recommendation from previously “Hold” rating. TD Cowen maintained its rating on October 23, 2024. It rated ENPH as “a Buy”.
Price Performance Review of ENPH
On Monday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock fall -4.84% to $63.66. Over the last five days, the stock has lost -27.21%. Enphase Energy Inc shares have fallen nearly -51.82% since the year began. Nevertheless, the stocks have fallen -15.75% over the past one year. While a 52-week high of $141.63 was reached on 06/12/24, a 52-week low of $65.66 was recorded on 11/11/24. SMA at 50 days reached $99.33, while 200 days put it at $111.48.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 61.99, which if violated will result in even more drops to 60.33. On the upside, there is a resistance level at 65.84. A further resistance level may holdings at 68.02. The Relative Strength Index (RSI) on the 14-day chart is 23.98, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 3.27% indicates the stock is a buying.
How much short interest is there in Enphase Energy Inc?
A steep rise in short interest was recorded in Enphase Energy Inc stocks on 2024-10-15, growing by 0.54 million shares to a total of 14.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.16 million shares. There was a rise of 3.66%, which implies that there is a positive sentiment for the stock.
