Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nextracker Inc shares valued at $272,970 were sold by Wenger Howard on Jan 16 ’25. At $45.00 per share, Wenger Howard sold 6,066 shares. The insider’s holdings dropped to 209,365 shares worth approximately $8.63 million following the completion of this transaction.
Also, HOWARD WENGER purchased 6,066 shares, netting a total of over 259,200 in proceeds.
Before that, LEAH SCHLESINGER had added 3,629 shares to its account. In a trade valued at $132,567, the Officer bought Nextracker Inc shares for $36.53 each.
As published in their initiating research note from TD Cowen on December 19, 2024, Nextracker Inc [NXT] has been a Hold and the price target has been revised to $41. As of September 04, 2024, Jefferies has initiated its “Hold” rating for NXT. Earlier on June 28, 2024, Susquehanna initiated its rating. Their recommendation was “a Positive” for NXT stock.
Analyzing NXT Stock Performance
During the last five days, there has been a drop of approximately -2.72%. Over the course of the year, Nextracker Inc shares have jumped approximately 12.78%. Shares of the company reached a 52-week high of $46.52 on 01/17/25 and a 52-week low of $37.16 on 01/02/25. A 50-day SMA is recorded $38.66, while a 200-day SMA reached $42.40. Nevertheless, trading volume fell to 3.31 million shares from 2.59 million shares the previous day.
Support And Resistance Levels for Nextracker Inc (NXT)
According to the 24-hour chart, there is a support level at 40.45, which, if violated, would cause prices to drop to 39.69. In the upper region, resistance lies at 42.40. The next price resistance is at 43.59. RSI (Relative Strength Index) is 53.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 52.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.