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Exane BNP Paribas downgrades Sunrun Inc (RUN) stock to a Neutral

Sunrun Inc’s recently made public that its Director Jurich Lynn Michelle unloaded Company’s shares for reported $0.73 million on Oct 18 ’24. In the deal valued at $14.60 per share,50,000 shares were sold. As a result of this transaction, Jurich Lynn Michelle now holds 1,142,446 shares worth roughly $11.69 million.

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Then, Jurich Lynn Michelle bought 50,000 shares, generating $729,899 in total proceeds.

Before that, STEELE JEANNA sold 2,624 shares. Sunrun Inc shares valued at $42,896 were divested by the Chief Legal & People Officer at a price of $16.35 per share. As a result of the transaction, STEELE JEANNA now holds 305,636 shares, worth roughly $3.13 million.

Exane BNP Paribas downgraded its Sunrun Inc [RUN] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Janney also remained covering RUN and has decreased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on January 04, 2024. It rated RUN as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of RUN

On Monday, Sunrun Inc [NASDAQ:RUN] saw its stock unchanged to $10.23. Over the last five days, the stock has lost -36.38%. Sunrun Inc shares have fallen nearly -47.89% since the year began. Nevertheless, the stocks have risen 1.89% over the past one year. While a 52-week high of $22.26 was reached on 08/26/24, a 52-week low of $8.82 was recorded on 03/14/24. SMA at 50 days reached $16.39, while 200 days put it at $14.57.

Levels Of Support And Resistance For RUN Stock

The 24-hour chart illustrates a support level at 9.84, which if violated will result in even more drops to 9.45. On the upside, there is a resistance level at 10.67. A further resistance level may holdings at 11.11. The Relative Strength Index (RSI) on the 14-day chart is 28.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.68%. Stochastics %K at 5.49% indicates the stock is a buying.

How much short interest is there in Sunrun Inc?

A steep rise in short interest was recorded in Sunrun Inc stocks on 2024-10-15, dropping by -0.93 million shares to a total of 46.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 47.55 million shares. There was a decline of -2.0%, which implies that there is a negative sentiment for the stock.

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