Nextracker Inc’s recently made public that its Chief Legal & Compliance Ofc LEDESMA BRUCE unloaded Company’s shares for reported $0.46 million on Feb 10 ’25. In the deal valued at $46.05 per share,9,891 shares were sold. As a result of this transaction, LEDESMA BRUCE now holds 132,374 shares worth roughly $ 6.39 million.
Then, BRUCE LEDESMA bought 9,891 shares, generating $456,173 in total proceeds.
Before that, TPG Rise Flash, L.P. bought 1,908,827 shares. Nextracker Inc shares valued at $92,768,992 were divested by the Stockholder at a price of $48.60 per share.
Jefferies upgraded its Nextracker Inc [NXT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. TD Cowen began covering NXT with “Hold” recommendation on December 19, 2024.
Price Performance Review of NXT
On Tuesday, Nextracker Inc [NASDAQ:NXT] saw its stock jump 2.09% to $48.29. Over the last five days, the stock has gained 5.12%. Nextracker Inc shares have risen nearly 32.19% since the year began. Nevertheless, the stocks have fallen -20.69% over the past one year. While a 52-week high of $62.31 was reached on 01/30/25, a 52-week low of $30.93 was recorded on 01/02/25. SMA at 50 days reached $41.31, while 200 days put it at $42.41.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 47.51, which if violated will result in even more drops to 46.72. On the upside, there is a resistance level at 48.90. A further resistance level may holdings at 49.50. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.71%. Stochastics %K at 59.70% indicates the stock is a holding.
The most recent change occurred on September 04, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $46 price target.
