Ormat Technologies Inc’s filing revealed that its Director Wong Byron G. unloaded Company’s shares for reported $94925.0 on Sep 20 ’24. In the deal valued at $74.98 per share,1,266 shares were sold. As a result of this transaction, Wong Byron G. now holds 6,906 shares worth roughly $0.55 million.
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Then, Wong Byron G. bought 1,266 shares, generating $94,925 in total proceeds.
Before that, SHARIR DAFNA sold 433 shares. Ormat Technologies Inc shares valued at $32,436 were divested by the Director at a price of $74.91 per share. As a result of the transaction, SHARIR DAFNA now holds 3,561 shares, worth roughly $0.28 million.
TD Cowen reiterated its Ormat Technologies Inc [ORA] rating to a Hold in a research note published on May 10, 2024; the price target was $76. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Market perform”‘ rating for it. ROTH MKM also remained covering ORA and has increased its forecast on August 07, 2023 with a “Buy” recommendation from previously “Neutral” rating. Barclays started covering the stock on May 22, 2023. It rated ORA as “an Equal weight”.
Price Performance Review of ORA
On Monday, Ormat Technologies Inc [NYSE:ORA] saw its stock jump 0.49% to $79.40. Over the last five days, the stock has lost -5.30%. Ormat Technologies Inc shares have risen nearly 4.76% since the year began. Nevertheless, the stocks have risen 21.37% over the past one year. While a 52-week high of $84.30 was reached on 11/11/24, a 52-week low of $59.41 was recorded on 04/16/24. SMA at 50 days reached $77.79, while 200 days put it at $71.83.
Levels Of Support And Resistance For ORA Stock
The 24-hour chart illustrates a support level at 78.56, which if violated will result in even more drops to 77.72. On the upside, there is a resistance level at 79.96. A further resistance level may holdings at 80.51. The Relative Strength Index (RSI) on the 14-day chart is 49.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.40%. Stochastics %K at 15.12% indicates the stock is a buying.
How much short interest is there in Ormat Technologies Inc?
A steep rise in short interest was recorded in Ormat Technologies Inc stocks on 2024-10-31, growing by 0.11 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.03 million shares. There was a rise of 3.62%, which implies that there is a positive sentiment for the stock.
