Shoals Technologies Group Inc’s recent filing unveils that its Chief Accounting Officer Lund Inez unloaded Company’s shares for reported $4012.0 on Dec 05 ’24. In the deal valued at $4.72 per share,850 shares were sold. As a result of this transaction, Lund Inez now holds 36,825 shares worth roughly $0.19 million.
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Then, TOLNAR JEFFERY sold 1,310 shares, generating $6,092 in total proceeds. Upon selling the shares at $4.65, the President now owns 124,451 shares.
Before that, Bardos Dominic sold 4,300 shares. Shoals Technologies Group Inc shares valued at $20,167 were divested by the Chief Financial Officer at a price of $4.69 per share. As a result of the transaction, Bardos Dominic now holds 236,109 shares, worth roughly $1.21 million.
Morgan Stanley upgraded its Shoals Technologies Group Inc [SHLS] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. TD Cowen also remained covering SHLS and reiterated its “Buy” recommendation on November 13, 2024. Wells Fargo started covering the stock on October 14, 2024. It rated SHLS as “an Equal weight”.
Price Performance Review of SHLS
On Friday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock jump 12.78% to $5.12. Over the last five days, the stock has gained 16.10%. Shoals Technologies Group Inc shares have fallen nearly -67.05% since the year began. Nevertheless, the stocks have fallen -66.58% over the past one year. While a 52-week high of $17.50 was reached on 02/12/24, a 52-week low of $4.07 was recorded on 11/20/24. SMA at 50 days reached $5.01, while 200 days put it at $6.79.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 4.65, which if violated will result in even more drops to 4.18. On the upside, there is a resistance level at 5.39. A further resistance level may holdings at 5.66. The Relative Strength Index (RSI) on the 14-day chart is 55.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.67%. Stochastics %K at 55.45% indicates the stock is a holding.
How much short interest is there in Shoals Technologies Group Inc?
A steep rise in short interest was recorded in Shoals Technologies Group Inc stocks on 2024-11-29, dropping by -1.18 million shares to a total of 18.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 19.39 million shares. There was a decline of -6.49%, which implies that there is a negative sentiment for the stock.
