In a filing, Altus Power Inc revealed its CO-FOUNDER, CEO & PRESIDENT Felton Gregg J acquired Company’s shares for reported $0.14 million on Jun 07 ’24. In the deal valued at $3.99 per share,34,139 shares were bought. As a result of this transaction, Felton Gregg J now holds 12,044,603 shares worth roughly $50.23 million.
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Then, Felton Gregg J bought 25,000 shares, generating $99,750 in total proceeds. Upon buying the shares at $3.99, the CO-FOUNDER, CEO & PRESIDENT now owns 12,010,464 shares.
Before that, Felton Gregg J bought 8,285 shares. Altus Power Inc shares valued at $33,389 were divested by the CO-FOUNDER, CEO & PRESIDENT at a price of $4.03 per share. As a result of the transaction, Felton Gregg J now holds 11,985,464 shares, worth roughly $49.98 million.
Morgan Stanley downgraded its Altus Power Inc [AMPS] rating to an Equal-weight from a an Overweight in a research note published on August 21, 2024; the price target was decreased to $4 from $8. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. JP Morgan also remained covering AMPS and has decreased its forecast on May 15, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Maxim Group started covering the stock on April 10, 2024. It rated AMPS as “a Buy”.
Price Performance Review of AMPS
On Friday, Altus Power Inc [NYSE:AMPS] saw its stock jump 2.71% to $4.17. Over the last five days, the stock has gained 8.31%. Altus Power Inc shares have fallen nearly -38.95% since the year began. Nevertheless, the stocks have fallen -16.77% over the past one year. While a 52-week high of $7.28 was reached on 02/15/24, a 52-week low of $2.71 was recorded on 10/11/24. SMA at 50 days reached $3.42, while 200 days put it at $4.15.
Levels Of Support And Resistance For AMPS Stock
The 24-hour chart illustrates a support level at 4.07, which if violated will result in even more drops to 3.97. On the upside, there is a resistance level at 4.26. A further resistance level may holdings at 4.36. The Relative Strength Index (RSI) on the 14-day chart is 61.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.22%. Stochastics %K at 84.41% indicates the stock is a selling.
How much short interest is there in Altus Power Inc?
A steep rise in short interest was recorded in Altus Power Inc stocks on 2024-10-31, dropping by -1.14 million shares to a total of 7.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.9 million shares. There was a decline of -14.63%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 30, 2023 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.
