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. Fluence Energy Inc shares valued at $168,140 were purchased by BULLS HERMAN E on Aug 13 ’24. At $16.81 per share, BULLS HERMAN E acquired 10,000 shares. The insider’s holdings grew to 65,861 shares worth approximately $1.06 million following the completion of this transaction.
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Also, Zahurancik John sold 25,000 shares, netting a total of over 605,500 in proceeds. Following the sale of shares at $24.22 each, the insider now holds 96,005 shares.
Before that, Pasha Ahmed had added 3,300 shares to its account. In a trade valued at $50,160, the SVP & Chief Financial Officer bought Fluence Energy Inc shares for $15.20 each. Upon closing the transaction, the insider’s holdings increased to 3,300 shares, worth approximately $53031.0.
As published in a research note from Robert W. Baird on December 18, 2024, Fluence Energy Inc [FLNC] has been rated down from an Outperform to a Neutral and the price target has been revised to $20 from $24. Analysts at Exane BNP Paribas upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 01, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for FLNC. Earlier on September 04, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for FLNC stock.
Analyzing FLNC Stock Performance
During the last five days, there has been a drop of approximately -3.60%. Over the course of the year, Fluence Energy Inc shares have dropped approximately -32.62%. Shares of the company reached a 52-week high of $26.12 on 05/31/24 and a 52-week low of $12.74 on 08/05/24. A 50-day SMA is recorded $19.94, while a 200-day SMA reached $18.75. Nevertheless, trading volume fell to 3.57 million shares from 1.77 million shares the previous day.
Support And Resistance Levels for Fluence Energy Inc (FLNC)
According to the 24-hour chart, there is a support level at 15.34, which, if violated, would cause prices to drop to 14.60. In the upper region, resistance lies at 17.26. The next price resistance is at 18.44. RSI (Relative Strength Index) is 37.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 91.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
