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 $201,412 were sold by Buettner-Garrett Joshua on Dec 16 ’24. At $1.07 per share, Buettner-Garrett Joshua sold 187,500 shares. The insider’s holdings dropped to 869,720 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Buettner-Garrett Joshua purchased 187,500 shares, netting a total of over 201,418 in proceeds.
Before that, ANDERSON ERIK J had sold 506,283 shares from its account. In a trade valued at $644,093, the Director traded Solid Power Inc shares for $1.27 each. Upon closing the transaction, the insider’s holdings decreased to 506,283 shares, worth approximately $0.28 million.
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 41.28%. Over the course of the year, Solid Power Inc shares have jumped approximately 6.21%. 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 $1.1679, while a 200-day SMA reached $1.5065. Nevertheless, trading volume fell to 3.77 million shares from 5.13 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 1.4133, which, if violated, would cause prices to drop to 1.3267. In the upper region, resistance lies at 1.5733. The next price resistance is at 1.6467. RSI (Relative Strength Index) is 75.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2245, which suggests the price will decrease in the coming days. Percent R is at 11.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
