Nextracker Inc’s filing revealed that its President – Strtgy & Admnstrtn LEDESMA BRUCE unloaded Company’s shares for reported $0.53 million on May 20 ’24. In the deal valued at $43.91 per share,12,135 shares were sold. As a result of this transaction, LEDESMA BRUCE now holds 17,387 shares worth roughly $0.66 million.
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Then, Schlesinger Leah sold 2,149 shares, generating $111,555 in total proceeds. Upon selling the shares at $51.91, the GC, Ch Eth & Compl Off’r & Sec now owns 11,910 shares.
Before that, Miller Nicholas Marco sold 8,355 shares. Nextracker Inc shares valued at $440,024 were divested by the Chief Operating Officer at a price of $52.67 per share. As a result of the transaction, Miller Nicholas Marco now holds 11,114 shares, worth roughly $0.42 million.
Jefferies initiated its Nextracker Inc [NXT] rating to a Hold in a research note published on September 04, 2024; the price target was $46. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in late June with a ‘”a Positive”‘ rating. Fox Advisors also remained covering NXT and has increased its forecast on May 15, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Northland Capital revised its rating on April 26, 2024. It rated NXT as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of NXT
On Tuesday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -3.54% to $38.18. Over the last five days, the stock has lost -13.40%. Nextracker Inc shares have fallen nearly -18.51% since the year began. Nevertheless, the stocks have risen 10.70% over the past one year. While a 52-week high of $62.31 was reached on 06/13/24, a 52-week low of $30.93 was recorded on 10/24/24. SMA at 50 days reached $36.18, while 200 days put it at $46.69.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 37.41, which if violated will result in even more drops to 36.64. On the upside, there is a resistance level at 39.03. A further resistance level may holdings at 39.88. The Relative Strength Index (RSI) on the 14-day chart is 52.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.53%. Stochastics %K at 62.89% indicates the stock is a holding.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2024-10-31, dropping by -0.73 million shares to a total of 12.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.25 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock.
