Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enphase Energy Inc shares valued at $301,902 were purchased by Kothandaraman Badrinarayanan on Nov 14 ’24. At $60.38 per share, Kothandaraman Badrinarayanan acquired 5,000 shares. The insider’s holdings grew to 1,589,696 shares worth approximately $101.04 million following the completion of this transaction.
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Also, DAVID A RANHOFF purchased 5,000 shares, netting a total of over 549,232 in proceeds.
Before that, DAVID A RANHOFF had added 5,000 shares to its account. In a trade valued at $566,500, the Officer bought Enphase Energy Inc shares for $113.30 each.
As published in a research note from HSBC Securities on November 08, 2024, Enphase Energy Inc [ENPH] has been rated down from a Buy to a Hold and the price target has been revised to $81. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 07, 2024, Jefferies has decreased its “Hold” rating to a “an Underperform” for ENPH. Earlier on October 23, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ENPH stock.
Analyzing ENPH Stock Performance
During the last five days, there has been a drop of approximately -11.22%. Over the course of the year, Enphase Energy Inc shares have dropped approximately -51.90%. Shares of the company reached a 52-week high of $141.63 on 06/12/24 and a 52-week low of $59.12 on 11/13/24. A 50-day SMA is recorded $96.25, while a 200-day SMA reached $110.80. Nevertheless, trading volume fell to 9.53 million shares from 8.58 million shares the previous day.
Support And Resistance Levels for Enphase Energy Inc (ENPH)
According to the 24-hour chart, there is a support level at 60.20, which, if violated, would cause prices to drop to 56.85. In the upper region, resistance lies at 66.48. The next price resistance is at 69.41. RSI (Relative Strength Index) is 28.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.02, which suggests the price will decrease in the coming days. Percent R is at 85.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
