The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Generac Holdings Inc shares valued at $5,798,795 were purchased by Jagdfeld Aaron on Nov 13 ’24. At $193.34 per share, Jagdfeld Aaron acquired 29,993 shares.
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Also, Ragen York A. sold 29,081 shares, netting a total of over 5,371,992 in proceeds. Following the sale of shares at $184.73 each, the insider now holds 135,613 shares.
Before that, Kanuru Rajendra Kumar had sold 3,187 shares from its account. In a trade valued at $585,069, the EVP, GC, Corp. Secretary traded Generac Holdings Inc shares for $183.58 each. Upon closing the transaction, the insider’s holdings decreased to 3,187 shares, worth approximately $2.05 million.
As published in a research note from TD Cowen on November 01, 2024, Generac Holdings Inc [GNRC] has been retained to a Buy and the price target has been revised to $183. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of June 13, 2024, Janney has decreased its “Buy” rating to a “Neutral” for GNRC. Earlier on May 30, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Sell” for GNRC stock which previously was a “a Neutral”.
Analyzing GNRC Stock Performance
During the last five days, there has been a surge of approximately 4.11%. Over the course of the year, Generac Holdings Inc shares have jumped approximately 47.82%. Shares of the company reached a 52-week high of $195.94 on 11/11/24 and a 52-week low of $108.89 on 02/26/24. A 50-day SMA is recorded $162.35, while a 200-day SMA reached $142.44. Nevertheless, trading volume fell to 0.71 million shares from 0.62 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 189.04, which, if violated, would cause prices to drop to 187.03. In the upper region, resistance lies at 194.34. The next price resistance is at 197.64. RSI (Relative Strength Index) is 71.98 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.74, which suggests the price will increase in the coming days. Percent R is at 12.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
