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. Solaredge Technologies Inc shares valued at $228,648 were purchased by GANI MARCEL on Nov 13 ’24. At $11.43 per share, GANI MARCEL acquired 20,000 shares. The insider’s holdings grew to 53,035 shares worth approximately $0.83 million following the completion of this transaction.
Also, AVERY MORE purchased 156,000 shares, netting a total of over 2,129,400 in proceeds. Following the buying of shares at $13.65 each, the insider now holds 244,478 shares.
As published in a research note from Morgan Stanley on February 20, 2025, Solaredge Technologies Inc [SEDG] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $18 from $11. Analysts at Northland Capital downgraded the stock from ‘”a Market perform”‘ to ‘”an Under perform”‘ outlook in a report released in mid February. As of February 20, 2025, BMO Capital Markets has decreased its “Market perform” rating to a “an Underperform” for SEDG. Earlier on January 08, 2025, Citigroup downgraded its rating. Their new recommendation was “a Sell” for SEDG stock which previously was a “a Neutral”.
Analyzing SEDG Stock Performance
During the last five days, there has been a drop of approximately -15.91%. Over the course of the year, Solaredge Technologies Inc shares have jumped approximately 14.63%. Shares of the company reached a 52-week high of $23.77 on 02/19/25 and a 52-week low of $12.33 on 02/03/25. A 50-day SMA is recorded $15.00, while a 200-day SMA reached $22.28.
Support And Resistance Levels for Solaredge Technologies Inc (SEDG)
According to the 24-hour chart, there is a support level at 14.76, which, if violated, would cause prices to drop to 13.92. In the upper region, resistance lies at 16.03. The next price resistance is at 16.47. RSI (Relative Strength Index) is 48.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.16, which suggests the price will decrease in the coming days. Percent R is at 78.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
