New Fortress Energy Inc’s recent filing unveils that its Chief Executive Officer EDENS WESLEY R acquired Company’s shares for reported $50.0 million on Oct 01 ’24. In the deal valued at $8.63 per share,5,793,742 shares were bought. As a result of this transaction, EDENS WESLEY R now holds 35,721,915 shares worth roughly $464.74 million.
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Deutsche Bank upgraded its New Fortress Energy Inc [NFE] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal-weight”. Deutsche Bank also remained covering NFE and has decreased its forecast on October 01, 2024 with a “Sell” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on March 04, 2024. It rated NFE as “a Hold” which previously was an “a Buy”.
Price Performance Review of NFE
On Monday, New Fortress Energy Inc [NASDAQ:NFE] saw its stock jump 4.83% to $13.01. Over the last five days, the stock has gained 26.07%. New Fortress Energy Inc shares have fallen nearly -65.52% since the year began. Nevertheless, the stocks have fallen -65.21% over the past one year. While a 52-week high of $39.26 was reached on 01/02/24, a 52-week low of $7.82 was recorded on 11/01/24. SMA at 50 days reached $9.46, while 200 days put it at $19.20.
Levels Of Support And Resistance For NFE Stock
The 24-hour chart illustrates a support level at 12.61, which if violated will result in even more drops to 12.21. On the upside, there is a resistance level at 13.35. A further resistance level may holdings at 13.69. The Relative Strength Index (RSI) on the 14-day chart is 76.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.01%. Stochastics %K at 94.67% indicates the stock is a selling.
How much short interest is there in New Fortress Energy Inc?
A steep rise in short interest was recorded in New Fortress Energy Inc stocks on 2024-11-15, growing by 4.98 million shares to a total of 34.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 29.71 million shares. There was a rise of 14.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 19, 2023 when CapitalOne began covering the stock and recommended ‘”an Equal weight”‘ rating .
