Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Plug Power Inc shares valued at $20,916 were sold by MCNAMEE GEORGE C on Nov 01 ’24. At $2.09 per share, MCNAMEE GEORGE C sold 10,000 shares. The insider’s holdings dropped to 684,782 shares worth approximately $1.52 million following the completion of this transaction.
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Also, MSSB C/FGEORGE C MCNAMEEIRA RO purchased 10,000 shares, netting a total of over 19,600 in proceeds.
Before that, MCNAMEE GEORGE C had sold 10,000 shares from its account. In a trade valued at $23,719, the Director traded Plug Power Inc shares for $2.37 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.52 million.
As published in a research note from BTIG Research on November 14, 2024, Plug Power Inc [PLUG] has been rated down from a Buy to a Neutral. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early April. As of February 06, 2024, Redburn Atlantic has initiated its “Neutral” rating for PLUG. Earlier on February 06, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for PLUG stock which previously was a “a Buy”.
Analyzing PLUG Stock Performance
During the last five days, there has been a drop of approximately -11.20%. Over the course of the year, Plug Power Inc shares have dropped approximately -50.67%. Shares of the company reached a 52-week high of $5.14 on 02/01/24 and a 52-week low of $1.60 on 09/06/24. A 50-day SMA is recorded $2.16, while a 200-day SMA reached $2.52. Nevertheless, trading volume fell to 46.93 million shares from 37.82 million shares the previous day.
Support And Resistance Levels for Plug Power Inc (PLUG)
According to the 24-hour chart, there is a support level at 2.09, which, if violated, would cause prices to drop to 1.97. In the upper region, resistance lies at 2.43. The next price resistance is at 2.65. RSI (Relative Strength Index) is 48.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 71.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
