Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Solaredge Technologies Inc shares valued at $2,129,400 were purchased by AVERY MORE on Nov 11 ’24. At $13.65 per share, AVERY MORE acquired 156,000 shares. The insider’s holdings grew to 244,478 shares worth approximately $2.96 million following the completion of this transaction.
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Also, AVERY MORE purchased 7,000 shares, netting a total of over 474,250 in proceeds. Following the buying of shares at $67.75 each, the insider now holds 77,446 shares.
As published in a research note from TD Cowen on November 07, 2024, Solaredge Technologies Inc [SEDG] has been retained to a Hold and the price target has been revised to $11. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of November 07, 2024, Mizuho has decreased its “an Outperform” rating to a “Neutral” for SEDG. Earlier on November 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for SEDG stock which previously was a “a Neutral”.
Analyzing SEDG Stock Performance
During the last five days, there has been a drop of approximately -17.55%. Over the course of the year, Solaredge Technologies Inc shares have dropped approximately -87.07%. Shares of the company reached a 52-week high of $97.27 on 01/02/24 and a 52-week low of $11.02 on 11/13/24. A 50-day SMA is recorded $18.52, while a 200-day SMA reached $41.43. Nevertheless, trading volume fell to 10.69 million shares from 6.49 million shares the previous day.
Support And Resistance Levels for Solaredge Technologies Inc (SEDG)
According to the 24-hour chart, there is a support level at 11.27, which, if violated, would cause prices to drop to 10.43. In the upper region, resistance lies at 12.69. The next price resistance is at 13.27. RSI (Relative Strength Index) is 30.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.06, which suggests the price will decrease in the coming days. Percent R is at 86.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
