Shoals Technologies Group Inc’s recent filing unveils that its Chief Financial Officer Bardos Dominic acquired Company’s shares for reported $70650.0 on Nov 22 ’24. In the deal valued at $4.71 per share,15,000 shares were bought. As a result of this transaction, Bardos Dominic now holds 240,409 shares worth roughly $1.24 million.
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Then, MOSS BRANDON bought 22,300 shares, generating $101,465 in total proceeds. Upon buying the shares at $4.55, the Chief Executive Officer now owns 593,700 shares.
Before that, TOLNAR JEFFERY sold 2,110 shares. Shoals Technologies Group Inc shares valued at $13,377 were divested by the President at a price of $6.34 per share. As a result of the transaction, TOLNAR JEFFERY now holds 125,761 shares, worth roughly $0.65 million.
BofA Securities initiated its Shoals Technologies Group Inc [SHLS] rating to a Buy in a research note published on November 25, 2024; the price target was $6. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo began covering SHLS with “an Equal weight” recommendation on October 14, 2024. Citigroup revised its rating on October 03, 2024. It rated SHLS as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SHLS
On Monday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock fall -1.15% to $5.16. Over the last five days, the stock has gained 6.83%. Shoals Technologies Group Inc shares have fallen nearly -66.80% since the year began. Nevertheless, the stocks have fallen -62.74% 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 $5.24, while 200 days put it at $7.46.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 5.04, which if violated will result in even more drops to 4.93. On the upside, there is a resistance level at 5.34. A further resistance level may holdings at 5.52. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.57%. Stochastics %K at 66.96% 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 2024-11-15, growing by 2.08 million shares to a total of 18.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.71 million shares. There was a rise of 11.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $5 price target.
