Ormat Technologies Inc’s recent filing unveils that its Former 10% Owner ORIX CORP unloaded Company’s shares for reported $278.91 million on Dec 13 ’24. In the deal valued at $75.38 per share,3,700,000 shares were sold. As a result of this transaction, ORIX CORP now holds 2,976,077 shares worth roughly $197.82 million.
Then, STERN STANLEY sold 411 shares, generating $32,847 in total proceeds. Upon selling the shares at $79.92, the Director now owns 4,931 shares.
Before that, STERN STANLEY bought 411 shares. Ormat Technologies Inc shares valued at $32,848 were divested by the Director at a price of $79.92 per share.
Jefferies initiated its Ormat Technologies Inc [ORA] rating to a Hold in a research note published on January 10, 2025; the price target was $73. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. TD Cowen also remained covering ORA and reiterated its “Hold” recommendation on May 10, 2024. TD Cowen maintained its rating on February 23, 2024. It rated ORA as “a Market perform”.
Price Performance Review of ORA
On Monday, Ormat Technologies Inc [NYSE:ORA] saw its stock jump 1.13% to $66.47. Over the last five days, the stock has lost -3.54%. Ormat Technologies Inc shares have fallen nearly -1.85% since the year began. Nevertheless, the stocks have fallen -6.98% over the past one year. While a 52-week high of $84.30 was reached on 01/06/25, a 52-week low of $59.41 was recorded on 01/10/25. SMA at 50 days reached $75.87, while 200 days put it at $73.38.
Levels Of Support And Resistance For ORA Stock
The 24-hour chart illustrates a support level at 65.52, which if violated will result in even more drops to 64.57. On the upside, there is a resistance level at 67.35. A further resistance level may holdings at 68.23. The Relative Strength Index (RSI) on the 14-day chart is 34.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.59%. Stochastics %K at 26.88% indicates the stock is a holding.
How much short interest is there in Ormat Technologies Inc?
A steep rise in short interest was recorded in Ormat Technologies Inc stocks on 2024-12-31, dropping by -0.63 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.25 million shares. There was a decline of -24.22%, which implies that there is a negative sentiment for the stock.
