Shoals Technologies Group Inc’s recently made public that its President TOLNAR JEFFERY unloaded Company’s shares for reported $13377.0 on Sep 16 ’24. In the deal valued at $6.34 per share,2,110 shares were sold. As a result of this transaction, TOLNAR JEFFERY now holds 125,761 shares worth roughly $0.61 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Lund Inez sold 350 shares, generating $2,216 in total proceeds. Upon selling the shares at $6.33, the Chief Accounting Officer now owns 37,675 shares.
Before that, Jeffrey Tolnar bought 2,110 shares. Shoals Technologies Group Inc shares valued at $13,261 were divested by the President at a price of $6.28 per share.
Wells Fargo initiated its Shoals Technologies Group Inc [SHLS] rating to an Equal weight in a research note published on October 14, 2024; the price target was $46. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early October from “a Sell” to “a Neutral”. Jefferies began covering SHLS with “Hold” recommendation on September 04, 2024. Exane BNP Paribas revised its rating on August 07, 2024. It rated SHLS as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of SHLS
On Tuesday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock fall -15.94% to $4.85. Over the last five days, the stock has lost -21.01%. Shoals Technologies Group Inc shares have fallen nearly -68.79% since the year began. Nevertheless, the stocks have fallen -63.86% over the past one year. While a 52-week high of $17.50 was reached on 02/12/24, a 52-week low of $4.85 was recorded on 11/12/24. SMA at 50 days reached $5.59, while 200 days put it at $8.13.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 4.44, which if violated will result in even more drops to 4.04. On the upside, there is a resistance level at 5.45. A further resistance level may holdings at 6.05. The Relative Strength Index (RSI) on the 14-day chart is 38.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 49.08% indicates the stock is a holding.
How much short interest is there in Shoals Technologies Group Inc?
A steep rise in short interest was recorded in Shoals Technologies Group Inc stocks on 2024-10-15, dropping by -4.77 million shares to a total of 16.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.49 million shares. There was a decline of -28.56%, which implies that there is a negative sentiment for the stock.
