Nextracker Inc’s recently made public that its President Wenger Howard unloaded Company’s shares for reported $0.27 million on Jan 16 ’25. In the deal valued at $45.00 per share,6,066 shares were sold. As a result of this transaction, Wenger Howard now holds 209,365 shares worth roughly $8.3 million.
Then, HOWARD WENGER bought 6,066 shares, generating $259,200 in total proceeds.
Before that, LEAH SCHLESINGER bought 3,629 shares. Nextracker Inc shares valued at $132,567 were divested by the Officer at a price of $36.53 per share.
TD Cowen initiated its Nextracker Inc [NXT] rating to a Hold in a research note published on December 19, 2024; the price target was $41. Jefferies began covering NXT with “Hold” recommendation on September 04, 2024. Susquehanna started covering the stock on June 28, 2024. It rated NXT as “a Positive”.
Price Performance Review of NXT
On Tuesday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -0.03% to $39.62. Over the last five days, the stock has lost -6.73%. Nextracker Inc shares have risen nearly 8.46% since the year began. Nevertheless, the stocks have fallen -9.32% over the past one year. While a 52-week high of $62.31 was reached on 01/17/25, a 52-week low of $30.93 was recorded on 01/02/25. SMA at 50 days reached $38.72, while 200 days put it at $42.20.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 38.72, which if violated will result in even more drops to 37.82. On the upside, there is a resistance level at 40.67. A further resistance level may holdings at 41.72. The Relative Strength Index (RSI) on the 14-day chart is 47.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.23%. Stochastics %K at 18.63% indicates the stock is a buying.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2025-01-15, growing by 0.87 million shares to a total of 11.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.74 million shares. There was a rise of 7.5%, which implies that there is a positive sentiment for the stock.
