Array Technologies Inc’s recently made public that its Chief Executive Officer Hostetler Kevin G. acquired Company’s shares for reported $0.1 million on Nov 15 ’24. In the deal valued at $6.93 per share,14,430 shares were bought. As a result of this transaction, Hostetler Kevin G. now holds 216,802 shares worth roughly $1.45 million.
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Then, Hottinger Tyson bought 31,853 shares, generating $200,103 in total proceeds.
Before that, Hostetler Kevin G. sold 8,176 shares. Array Technologies Inc shares valued at $100,565 were divested by the Chief Executive Officer at a price of $12.30 per share. As a result of the transaction, Hostetler Kevin G. now holds 217,352 shares, worth roughly $1.45 million.
TD Cowen reiterated its Array Technologies Inc [ARRY] rating to a Hold in a research note published on November 08, 2024; the price target was $10. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. BofA Securities also remained covering ARRY and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of ARRY
On Monday, Array Technologies Inc [NASDAQ:ARRY] saw its stock fall -0.45% to $6.68. Over the last five days, the stock has gained 0.75%. Array Technologies Inc shares have fallen nearly -60.24% since the year began. Nevertheless, the stocks have fallen -56.82% over the past one year. While a 52-week high of $20.15 was reached on 01/02/24, a 52-week low of $5.56 was recorded on 09/10/24. SMA at 50 days reached $6.61, while 200 days put it at $10.03.
Levels Of Support And Resistance For ARRY Stock
The 24-hour chart illustrates a support level at 6.49, which if violated will result in even more drops to 6.31. On the upside, there is a resistance level at 6.87. A further resistance level may holdings at 7.07. The Relative Strength Index (RSI) on the 14-day chart is 50.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.22%. Stochastics %K at 48.98% indicates the stock is a holding.
How much short interest is there in Array Technologies Inc?
A steep rise in short interest was recorded in Array Technologies Inc stocks on 2024-11-15, dropping by -10.3 million shares to a total of 22.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 32.47 million shares. There was a decline of -46.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 09, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $11.50.
