Shoals Technologies Group Inc’s recently made public that its Chief Executive Officer MOSS BRANDON acquired Company’s shares for reported $0.1 million on Nov 21 ’24. In the deal valued at $4.55 per share,22,300 shares were bought. As a result of this transaction, MOSS BRANDON now holds 593,700 shares worth roughly $2.87 million.
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Then, TOLNAR JEFFERY sold 2,110 shares, generating $13,377 in total proceeds. Upon selling the shares at $6.34, the President now owns 125,761 shares.
Before that, Lund Inez sold 350 shares. Shoals Technologies Group Inc shares valued at $2,216 were divested by the Chief Accounting Officer at a price of $6.33 per share. As a result of the transaction, Lund Inez now holds 37,675 shares, worth roughly $0.18 million.
TD Cowen reiterated its Shoals Technologies Group Inc [SHLS] rating to a Buy in a research note published on November 13, 2024; the price target was $11. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid October with a ‘”an Equal weight”‘ rating. Citigroup also remained covering SHLS and has increased its forecast on October 03, 2024 with a “Neutral” recommendation from previously “Sell” rating. Jefferies started covering the stock on September 04, 2024. It rated SHLS as “a Hold”.
Price Performance Review of SHLS
On Friday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock jump 9.77% to $4.83. Over the last five days, the stock has gained 5.92%. Shoals Technologies Group Inc shares have fallen nearly -68.92% since the year began. Nevertheless, the stocks have fallen -66.46% over the past one year. While a 52-week high of $17.50 was reached on 02/12/24, a 52-week low of $4.07 was recorded on 11/20/24. SMA at 50 days reached $5.36, while 200 days put it at $7.74.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 4.69, which if violated will result in even more drops to 4.55. On the upside, there is a resistance level at 4.93. A further resistance level may holdings at 5.03. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.98%. Stochastics %K at 22.59% indicates the stock is a holding.
How much short interest is there in Shoals Technologies Group Inc?
A steep rise in short interest was recorded in Shoals Technologies Group Inc stocks on 2024-10-31, growing by 2.67 million shares to a total of 19.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.72 million shares. There was a rise of 13.77%, which implies that there is a positive sentiment for the stock.
