Generac Holdings Inc’s recently made public that its Chief Executive Officer Jagdfeld Aaron unloaded Company’s shares for reported $5.8 million on Nov 13 ’24. In the deal valued at $193.34 per share,29,993 shares were sold. As a result of this transaction, Jagdfeld Aaron now holds 557,177 shares worth roughly $105.35 million.
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Then, Jagdfeld Aaron bought 29,993 shares, generating $5,798,795 in total proceeds.
Before that, Ragen York A. sold 29,081 shares. Generac Holdings Inc shares valued at $5,371,992 were divested by the Chief Financial Officer at a price of $184.73 per share. As a result of the transaction, Ragen York A. now holds 135,613 shares, worth roughly $25.64 million.
TD Cowen reiterated its Generac Holdings Inc [GNRC] rating to a Buy in a research note published on November 01, 2024; the price target was $183. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Buy”‘ rating for it. Janney also remained covering GNRC and has decreased its forecast on June 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Guggenheim revised its rating on May 30, 2024. It rated GNRC as “a Sell” which previously was an “a Neutral”.
Price Performance Review of GNRC
On Friday, Generac Holdings Inc [NYSE:GNRC] saw its stock jump 3.03% to $189.08. Over the last five days, the stock has gained 3.99%. Generac Holdings Inc shares have risen nearly 46.30% since the year began. Nevertheless, the stocks have risen 68.36% over the past one year. While a 52-week high of $195.94 was reached on 11/11/24, a 52-week low of $108.89 was recorded on 02/26/24. SMA at 50 days reached $168.12, while 200 days put it at $144.71.
Levels Of Support And Resistance For GNRC Stock
The 24-hour chart illustrates a support level at 185.32, which if violated will result in even more drops to 181.57. On the upside, there is a resistance level at 191.03. A further resistance level may holdings at 192.99. The Relative Strength Index (RSI) on the 14-day chart is 64.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.51%. Stochastics %K at 58.51% indicates the stock is a holding.
How much short interest is there in Generac Holdings Inc?
A steep rise in short interest was recorded in Generac Holdings Inc stocks on 2024-10-31, dropping by -0.37 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.76 million shares. There was a decline of -15.3%, which implies that there is a negative sentiment for the stock.
