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. Array Technologies Inc shares valued at $29,697 were purchased by Manning Neil on Dec 16 ’24. At $5.21 per share, Manning Neil acquired 5,700 shares. The insider’s holdings grew to 29,366 shares worth approximately $0.17 million following the completion of this transaction.
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Also, Hostetler Kevin G. purchased 14,430 shares, netting a total of over 100,038 in proceeds. Following the buying of shares at $6.93 each, the insider now holds 216,802 shares.
Before that, Hottinger Tyson had added 31,853 shares to its account. In a trade valued at $200,103, the Former Officer bought Array Technologies Inc shares for $6.28 each.
As published in a research note from TD Cowen on November 08, 2024, Array Technologies Inc [ARRY] has been retained to a Hold and the price target has been revised to $10. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 07, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for ARRY.
Analyzing ARRY Stock Performance
During the last five days, there has been a surge of approximately 8.74%. Over the course of the year, Array Technologies Inc shares have dropped approximately -64.59%. Shares of the company reached a 52-week high of $17.75 on 01/02/24 and a 52-week low of $5.15 on 12/16/24. A 50-day SMA is recorded $6.35, while a 200-day SMA reached $9.40. Nevertheless, trading volume fell to 2.26 million shares from 5.05 million shares the previous day.
Support And Resistance Levels for Array Technologies Inc (ARRY)
According to the 24-hour chart, there is a support level at 5.82, which, if violated, would cause prices to drop to 5.73. In the upper region, resistance lies at 6.03. The next price resistance is at 6.15. RSI (Relative Strength Index) is 49.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 39.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
