Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ormat Technologies Inc shares valued at $278,906,000 were sold by ORIX CORP on Dec 13 ’24. At $75.38 per share, ORIX CORP sold 3,700,000 shares. The insider’s holdings dropped to 2,976,077 shares worth approximately $204.04 million following the completion of this transaction.
Also, STERN STANLEY sold 411 shares, netting a total of over 32,847 in proceeds. Following the sale of shares at $79.92 each, the insider now holds 4,931 shares.
Before that, STERN STANLEY had added 411 shares to its account. In a trade valued at $32,848, the Director bought Ormat Technologies Inc shares for $79.92 each.
As published in their initiating research note from Piper Sandler on December 19, 2024, Ormat Technologies Inc [ORA] has been a Neutral and the price target has been revised to $78. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early May. As of February 23, 2024, TD Cowen has reiterated its “Market perform” rating for ORA. Earlier on August 07, 2023, ROTH MKM upgraded its rating. Their new recommendation was “a Buy” for ORA stock which previously was a “a Neutral”.
Analyzing ORA Stock Performance
During the last five days, there has been a surge of approximately 1.24%. Over the course of the year, Ormat Technologies Inc shares have jumped approximately 1.24%. Shares of the company reached a 52-week high of $70.38 on 01/06/25 and a 52-week low of $67.95 on 01/08/25. A 50-day SMA is recorded $76.47, while a 200-day SMA reached $73.37. Nevertheless, trading volume fell to 0.51 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Ormat Technologies Inc (ORA)
According to the 24-hour chart, there is a support level at 67.92, which, if violated, would cause prices to drop to 67.28. In the upper region, resistance lies at 69.23. The next price resistance is at 69.90. RSI (Relative Strength Index) is 37.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 58.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
