The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Solid Power Inc shares valued at $644,093 were sold by ANDERSON ERIK J on Oct 01 ’24. At $1.27 per share, ANDERSON ERIK J sold 506,283 shares. The insider’s holdings dropped to 187,617 shares worth approximately $0.21 million following the completion of this transaction.
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Also, Buettner-Garrett Joshua sold 187,500 shares, netting a total of over 201,394 in proceeds. Following the sale of shares at $1.07 each, the insider now holds 869,720 shares.
Before that, Buettner-Garrett Joshua had added 187,500 shares to its account. In a trade valued at $213,750, the Officer bought Solid Power Inc shares for $1.14 each.
Analysts at Wolfe Research downgraded the stock from ‘”a Peer perform”‘ to ‘”an Underperform”‘ outlook in a report released in early June. Earlier on December 14, 2022, Citigroup initiated its rating. Their recommendation was “a Neutral” for SLDP stock.
Analyzing SLDP Stock Performance
During the last five days, there has been a surge of approximately 4.59%. Over the course of the year, Solid Power Inc shares have dropped approximately -21.38%. Shares of the company reached a 52-week high of $2.3500 on 07/18/24 and a 52-week low of $1.0000 on 11/19/24. A 50-day SMA is recorded $1.1771, while a 200-day SMA reached $1.5216. Nevertheless, trading volume fell to 1.26 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Solid Power Inc (SLDP)
According to the 24-hour chart, there is a support level at 1.1067, which, if violated, would cause prices to drop to 1.0733. In the upper region, resistance lies at 1.1667. The next price resistance is at 1.1933. RSI (Relative Strength Index) is 50.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0317, which suggests the price will decrease in the coming days. Percent R is at 45.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
