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 $22,882 were purchased by ARPAD DOMINIC BARDOS on Mar 05 ’25. At $3.07 per share, ARPAD DOMINIC BARDOS acquired 7,450 shares.
Also, Brandon Moss purchased 21,700 shares, netting a total of over 66,498 in proceeds.
Before that, Jeffrey Tolnar had added 5,800 shares to its account. In a trade valued at $17,710, the Officer bought Shoals Technologies Group Inc shares for $3.05 each.
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 drop of approximately -19.48%. Over the course of the year, Shoals Technologies Group Inc shares have dropped approximately -43.58%. Shares of the company reached a 52-week high of $6.40 on 01/07/25 and a 52-week low of $2.77 on 03/04/25. A 50-day SMA is recorded $4.69, while a 200-day SMA reached $5.55.
Support And Resistance Levels for Shoals Technologies Group Inc (SHLS)
According to the 24-hour chart, there is a support level at 3.04, which, if violated, would cause prices to drop to 2.96. In the upper region, resistance lies at 3.17. The next price resistance is at 3.22. RSI (Relative Strength Index) is 31.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 82.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
