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. Plug Power Inc shares valued at $20,916 were sold by MCNAMEE GEORGE C on Nov 01 ’24. At $2.09 per share, MCNAMEE GEORGE C sold 10,000 shares. The insider’s holdings dropped to 684,782 shares worth approximately $1.31 million following the completion of this transaction.
Also, MSSB C/FGEORGE C MCNAMEEIRA RO purchased 10,000 shares, netting a total of over 19,600 in proceeds.
Before that, MCNAMEE GEORGE C had sold 10,000 shares from its account. In a trade valued at $23,719, the Director traded Plug Power Inc shares for $2.37 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.31 million.
As published in a research note from Seaport Research Partners on January 27, 2025, Plug Power Inc [PLUG] has been rated down from a Neutral to a Sell and the price target has been revised to $1. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of April 05, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for PLUG. Earlier on February 06, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for PLUG stock.
Analyzing PLUG Stock Performance
During the last five days, there has been a drop of approximately -8.13%. Over the course of the year, Plug Power Inc shares have dropped approximately -9.86%. Shares of the company reached a 52-week high of $3.3200 on 01/07/25 and a 52-week low of $1.8200 on 01/29/25. A 50-day SMA is recorded $2.3184, while a 200-day SMA reached $2.3903. Nevertheless, trading volume fell to 52.91 million shares from 79.05 million shares the previous day.
Support And Resistance Levels for Plug Power Inc (PLUG)
According to the 24-hour chart, there is a support level at 1.8500, which, if violated, would cause prices to drop to 1.7800. In the upper region, resistance lies at 1.9800. The next price resistance is at 2.0400. RSI (Relative Strength Index) is 38.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3829, which suggests the price will decrease in the coming days. Percent R is at 91.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
