In a filing, Array Technologies Inc revealed its President & COO Manning Neil acquired Company’s shares for reported $29697.0 on Dec 16 ’24. In the deal valued at $5.21 per share,5,700 shares were bought. As a result of this transaction, Manning Neil now holds 29,366 shares worth roughly $0.21 million.
Then, Hostetler Kevin G. bought 14,430 shares, generating $100,038 in total proceeds. Upon buying the shares at $6.93, the Chief Executive Officer now owns 216,802 shares.
Before that, Hottinger Tyson bought 31,853 shares. Array Technologies Inc shares valued at $200,103 were divested by the Former Officer at a price of $6.28 per share.
Susquehanna downgraded its Array Technologies Inc [ARRY] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Hold”‘ rating for it. Guggenheim also remained covering ARRY and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 07, 2024. It rated ARRY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARRY
On Friday, Array Technologies Inc [NASDAQ:ARRY] saw its stock fall -0.14% to $7.15. Over the last five days, the stock has gained 11.20%. Array Technologies Inc shares have risen nearly 18.38% since the year began. Nevertheless, the stocks have fallen -46.60% over the past one year. While a 52-week high of $16.22 was reached on 01/17/25, a 52-week low of $5.15 was recorded on 01/13/25. SMA at 50 days reached $6.33, while 200 days put it at $8.90.
Levels Of Support And Resistance For ARRY Stock
The 24-hour chart illustrates a support level at 7.00, which if violated will result in even more drops to 6.85. On the upside, there is a resistance level at 7.30. A further resistance level may holdings at 7.45. The Relative Strength Index (RSI) on the 14-day chart is 62.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.10%. Stochastics %K at 82.41% indicates the stock is a selling.
How much short interest is there in Array Technologies Inc?
A steep rise in short interest was recorded in Array Technologies Inc stocks on 2024-12-31, growing by 1.96 million shares to a total of 23.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 21.91 million shares. There was a rise of 8.21%, which implies that there is a positive sentiment for the stock.
