Nextracker Inc’s filing revealed that its President – Strtgy & Admnstrtn LEDESMA BRUCE unloaded Company’s shares for reported $0.53 million on May 20 ’24. In the deal valued at $43.91 per share,12,135 shares were sold. As a result of this transaction, LEDESMA BRUCE now holds 17,387 shares worth roughly $0.63 million.
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Then, Schlesinger Leah sold 2,149 shares, generating $111,555 in total proceeds. Upon selling the shares at $51.91, the GC, Ch Eth & Compl Off’r & Sec now owns 11,910 shares.
Before that, Miller Nicholas Marco sold 8,355 shares. Nextracker Inc shares valued at $440,024 were divested by the Chief Operating Officer at a price of $52.67 per share. As a result of the transaction, Miller Nicholas Marco now holds 11,114 shares, worth roughly $0.4 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Susquehanna began covering NXT with “Positive” recommendation on June 28, 2024. Fox Advisors revised its rating on May 15, 2024. It rated NXT as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of NXT
On Tuesday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -2.75% to $36.40. Over the last five days, the stock has lost -4.66%. Nextracker Inc shares have fallen nearly -22.31% since the year began. Nevertheless, the stocks have fallen -5.97% over the past one year. While a 52-week high of $62.31 was reached on 06/13/24, a 52-week low of $30.93 was recorded on 10/24/24. SMA at 50 days reached $36.44, while 200 days put it at $46.33.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 35.88, which if violated will result in even more drops to 35.35. On the upside, there is a resistance level at 37.39. A further resistance level may holdings at 38.38. The Relative Strength Index (RSI) on the 14-day chart is 47.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.56%. Stochastics %K at 32.44% indicates the stock is a holding.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2024-10-31, dropping by -0.73 million shares to a total of 12.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.25 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock.
