Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Shoals Technologies Group Inc shares valued at $4,012 were sold by Lund Inez on Dec 05 ’24. At $4.72 per share, Lund Inez sold 850 shares. The insider’s holdings dropped to 36,825 shares worth approximately $0.16 million following the completion of this transaction.
Also, TOLNAR JEFFERY sold 1,310 shares, netting a total of over 6,092 in proceeds. Following the sale of shares at $4.65 each, the insider now holds 124,451 shares.
Before that, Bardos Dominic had sold 4,300 shares from its account. In a trade valued at $20,167, the Chief Financial Officer traded Shoals Technologies Group Inc shares for $4.69 each. Upon closing the transaction, the insider’s holdings decreased to 4,300 shares, worth approximately $1.02 million.
As published in their initiating research note from Wolfe Research on February 18, 2025, Shoals Technologies Group Inc [SHLS] has been a Peer perform. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 25, 2024, BofA Securities has initiated its “Buy” rating for SHLS. Earlier on November 13, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for SHLS stock.
Analyzing SHLS Stock Performance
During the last five days, there has been a surge of approximately 5.61%. Over the course of the year, Shoals Technologies Group Inc shares have dropped approximately -21.70%. Shares of the company reached a 52-week high of $6.40 on 01/07/25 and a 52-week low of $3.83 on 02/12/25. A 50-day SMA is recorded $4.86, while a 200-day SMA reached $5.76. Nevertheless, trading volume fell to 6.94 million shares from 8.11 million shares the previous day.
Support And Resistance Levels for Shoals Technologies Group Inc (SHLS)
According to the 24-hour chart, there is a support level at 4.15, which, if violated, would cause prices to drop to 3.96. In the upper region, resistance lies at 4.49. The next price resistance is at 4.64. RSI (Relative Strength Index) is 44.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 49.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
