Array Technologies Inc’s recently made public that its President & COO Manning Neil acquired Company’s shares for reported $29697.0 on Dec 16 ’24. In the deal valued at $5.21 per share,5,700 shares were bought. As a result of this transaction, Manning Neil now holds 29,366 shares worth roughly $0.19 million.
Then, Hostetler Kevin G. bought 14,430 shares, generating $100,038 in total proceeds. Upon buying the shares at $6.93, the Chief Executive Officer now owns 216,802 shares.
Before that, Hottinger Tyson bought 31,853 shares. Array Technologies Inc shares valued at $200,103 were divested by the Former Officer at a price of $6.28 per share.
Exane BNP Paribas upgraded its Array Technologies Inc [ARRY] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early January from “a Positive” to “a Neutral”. TD Cowen also remained covering ARRY and reiterated its “Hold” recommendation on November 08, 2024. Guggenheim revised its rating on November 07, 2024. It rated ARRY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARRY
On Friday, Array Technologies Inc [NASDAQ:ARRY] saw its stock fall -4.49% to $6.59. Over the last five days, the stock has lost -0.30%. Array Technologies Inc shares have risen nearly 9.11% since the year began. Nevertheless, the stocks have fallen -53.75% over the past one year. While a 52-week high of $15.35 was reached on 02/06/25, a 52-week low of $5.15 was recorded on 01/13/25. SMA at 50 days reached $6.53, while 200 days put it at $8.23.
Levels Of Support And Resistance For ARRY Stock
The 24-hour chart illustrates a support level at 6.37, which if violated will result in even more drops to 6.14. On the upside, there is a resistance level at 7.00. A further resistance level may holdings at 7.40. The Relative Strength Index (RSI) on the 14-day chart is 46.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.41%. Stochastics %K at 24.44% indicates the stock is a holding.
