Solaredge Technologies Inc’s filing revealed that its Director GANI MARCEL acquired Company’s shares for reported $0.23 million on Nov 13 ’24. In the deal valued at $11.43 per share,20,000 shares were bought. As a result of this transaction, GANI MARCEL now holds 53,035 shares worth roughly $0.56 million.
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Then, AVERY MORE bought 156,000 shares, generating $2,129,400 in total proceeds. Upon buying the shares at $13.65, the Chairman of the Board now owns 244,478 shares.
Before that, AVERY MORE bought 7,000 shares. Solaredge Technologies Inc shares valued at $474,250 were divested by the Director at a price of $67.75 per share. As a result of the transaction, AVERY MORE now holds 77,446 shares, worth roughly $0.82 million.
Morgan Stanley downgraded its Solaredge Technologies Inc [SEDG] rating to an Underweight from a an Equal-weight in a research note published on November 15, 2024; the price target was decreased to $9 from $23. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Hold”‘ rating for it. Piper Sandler also remained covering SEDG and has decreased its forecast on November 07, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Mizuho revised its rating on November 07, 2024. It rated SEDG as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of SEDG
On Friday, Solaredge Technologies Inc [NASDAQ:SEDG] saw its stock fall -17.07% to $10.64. Over the last five days, the stock has lost -21.36%. Solaredge Technologies Inc shares have fallen nearly -88.63% since the year began. Nevertheless, the stocks have fallen -86.71% over the past one year. While a 52-week high of $103.15 was reached on 01/02/24, a 52-week low of $11.02 was recorded on 11/15/24. SMA at 50 days reached $18.19, while 200 days put it at $40.87.
Levels Of Support And Resistance For SEDG Stock
The 24-hour chart illustrates a support level at 9.81, which if violated will result in even more drops to 8.97. On the upside, there is a resistance level at 12.22. A further resistance level may holdings at 13.79. The Relative Strength Index (RSI) on the 14-day chart is 29.10, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.95%. Stochastics %K at 12.21% indicates the stock is a buying.
How much short interest is there in Solaredge Technologies Inc?
A steep rise in short interest was recorded in Solaredge Technologies Inc stocks on 2024-10-31, growing by 2.67 million shares to a total of 19.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.49 million shares. There was a rise of 13.93%, which implies that there is a positive sentiment for the stock.
