Solaredge Technologies Inc’s filing revealed that its Director GANI MARCEL acquired Company’s shares for reported $0.23 million on Nov 13 ’24. In the deal valued at $11.43 per share,20,000 shares were bought. As a result of this transaction, GANI MARCEL now holds 53,035 shares worth roughly $0.93 million.
Then, AVERY MORE bought 156,000 shares, generating $2,129,400 in total proceeds. Upon buying the shares at $13.65, the Chairman of the Board now owns 244,478 shares.
Before that, AVERY MORE bought 7,000 shares. Solaredge Technologies Inc shares valued at $474,250 were divested by the Director at a price of $67.75 per share. As a result of the transaction, AVERY MORE now holds 77,446 shares, worth roughly $1.36 million.
Morgan Stanley upgraded its Solaredge Technologies Inc [SEDG] rating to an Equal-weight from a an Underweight in a research note published on February 20, 2025; the price target was increased to $18 from $11. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in mid February from “a Market perform” to “an Under perform”. BMO Capital Markets also remained covering SEDG and has decreased its forecast on February 20, 2025 with a “an Underperform” recommendation from previously “Market perform” rating. Citigroup revised its rating on January 08, 2025. It rated SEDG as “a Sell” which previously was an “a Neutral”.
Price Performance Review of SEDG
On Friday, Solaredge Technologies Inc [NASDAQ:SEDG] saw its stock fall -3.13% to $17.62. Over the last five days, the stock has gained 18.65%. Solaredge Technologies Inc shares have risen nearly 29.56% since the year began. Nevertheless, the stocks have fallen -79.13% over the past one year. While a 52-week high of $78.40 was reached on 02/19/25, a 52-week low of $10.24 was recorded on 02/03/25. SMA at 50 days reached $14.50, while 200 days put it at $23.79.
Levels Of Support And Resistance For SEDG Stock
The 24-hour chart illustrates a support level at 16.63, which if violated will result in even more drops to 15.64. On the upside, there is a resistance level at 18.99. A further resistance level may holdings at 20.36. The Relative Strength Index (RSI) on the 14-day chart is 61.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 53.76%. Stochastics %K at 53.76% indicates the stock is a holding.
