Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sunnova Energy International Inc shares valued at $124,498 were purchased by ROBERTSON CORBIN J III on Nov 19 ’24. At $3.56 per share, ROBERTSON CORBIN J III acquired 35,000 shares. The insider’s holdings grew to 120,048 shares worth approximately $0.49 million following the completion of this transaction.
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Also, Mohamed Akbar purchased 50,000 shares, netting a total of over 177,960 in proceeds. Following the buying of shares at $3.56 each, the insider now holds 402,654 shares.
Before that, Williams Eric Michael had added 13,800 shares to its account. In a trade valued at $49,680, the EVP, Chief Financial Officer bought Sunnova Energy International Inc shares for $3.60 each. Upon closing the transaction, the insider’s holdings increased to 13,800 shares, worth approximately $56442.0.
As published in a research note from RBC Capital Mkts on December 09, 2024, Sunnova Energy International Inc [NOVA] has been rated down from an Outperform to a Sector perform. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of November 07, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for NOVA. Earlier on October 10, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for NOVA stock.
Analyzing NOVA Stock Performance
During the last five days, there has been a drop of approximately -7.88%. Over the course of the year, Sunnova Energy International Inc shares have dropped approximately -73.18%. Shares of the company reached a 52-week high of $15.61 on 01/02/24 and a 52-week low of $2.99 on 11/08/24. A 50-day SMA is recorded $5.17, while a 200-day SMA reached $6.29. Nevertheless, trading volume fell to 7.06 million shares from 6.89 million shares the previous day.
Support And Resistance Levels for Sunnova Energy International Inc (NOVA)
According to the 24-hour chart, there is a support level at 3.98, which, if violated, would cause prices to drop to 3.86. In the upper region, resistance lies at 4.31. The next price resistance is at 4.52. RSI (Relative Strength Index) is 39.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 97.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
