The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Solaredge Technologies Inc shares valued at $228,648 were purchased by GANI MARCEL on Nov 13 ’24. At $11.43 per share, GANI MARCEL acquired 20,000 shares. The insider’s holdings grew to 53,035 shares worth approximately $0.58 million following the completion of this transaction.
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Also, AVERY MORE purchased 156,000 shares, netting a total of over 2,129,400 in proceeds. Following the buying of shares at $13.65 each, the insider now holds 244,478 shares.
Before that, AVERY MORE had added 7,000 shares to its account. In a trade valued at $474,250, the Director bought Solaredge Technologies Inc shares for $67.75 each. Upon closing the transaction, the insider’s holdings increased to 7,000 shares, worth approximately $0.84 million.
As published in a research note from Guggenheim on November 20, 2024, Solaredge Technologies Inc [SEDG] has been rated up from a Sell to a Neutral. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid November. As of November 07, 2024, TD Cowen has reiterated its “Hold” rating for SEDG. Earlier on November 07, 2024, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” 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 -10.17%. Over the course of the year, Solaredge Technologies Inc shares have dropped approximately -88.39%. Shares of the company reached a 52-week high of $97.27 on 01/02/24 and a 52-week low of $10.24 on 11/20/24. A 50-day SMA is recorded $17.73, while a 200-day SMA reached $40.03. Nevertheless, trading volume fell to 5.5 million shares from 4.58 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 10.26, which, if violated, would cause prices to drop to 9.64. In the upper region, resistance lies at 11.47. The next price resistance is at 12.06. RSI (Relative Strength Index) is 31.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.96, which suggests the price will decrease in the coming days. Percent R is at 92.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
