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. 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 $191.81 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 Jefferies on January 10, 2025, Ormat Technologies Inc [ORA] has been a Hold and the price target has been revised to $73. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of May 10, 2024, TD Cowen has reiterated its “Hold” rating for ORA. Earlier on February 23, 2024, TD Cowen resumed its rating. Their recommendation was “a Market perform” for ORA stock.
Analyzing ORA Stock Performance
During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Ormat Technologies Inc shares have dropped approximately -4.83%. Shares of the company reached a 52-week high of $70.38 on 01/06/25 and a 52-week low of $64.45 on 01/22/25. A 50-day SMA is recorded $74.20, while a 200-day SMA reached $73.42. Nevertheless, trading volume fell to 0.69 million shares from 0.48 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 63.71, which, if violated, would cause prices to drop to 62.97. In the upper region, resistance lies at 65.93. The next price resistance is at 67.41. RSI (Relative Strength Index) is 31.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
