Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stem Inc shares valued at $50,500 were purchased by Russo Alan on Aug 21 ’24. At $0.63 per share, Russo Alan acquired 79,594 shares.
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Also, Russo Alan purchased 30,000 shares, netting a total of over 17,401 in proceeds.
Before that, Tappin Matthew had sold 1,388 shares from its account. In a trade valued at $1,832, the President, Asset Management traded Stem Inc shares for $1.32 each. Upon closing the transaction, the insider’s holdings decreased to 1,388 shares, worth approximately $6154.95.
As published in a research note from Susquehanna on August 09, 2024, Stem Inc [STEM] has been rated down from a Positive to a Neutral and the price target has been revised to $0.50 from $2. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of March 22, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for STEM. Earlier on February 29, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for STEM stock.
Analyzing STEM Stock Performance
During the last five days, there has been a surge of approximately 5.71%. Over the course of the year, Stem Inc shares have dropped approximately -90.46%. Shares of the company reached a 52-week high of $3.9950 on 01/02/24 and a 52-week low of $0.3031 on 09/26/24. A 50-day SMA is recorded $0.4402, while a 200-day SMA reached $1.2949. Nevertheless, trading volume fell to 3.72 million shares from 7.71 million shares the previous day.
Support And Resistance Levels for Stem Inc (STEM)
According to the 24-hour chart, there is a support level at 0.3609, which, if violated, would cause prices to drop to 0.3517. In the upper region, resistance lies at 0.3863. The next price resistance is at 0.4025. RSI (Relative Strength Index) is 41.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0417, which suggests the price will decrease in the coming days. Percent R is at 78.56%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
