Shoals Technologies Group Inc’s filing revealed that its Chief Accounting Officer Lund Inez unloaded Company’s shares for reported $5548.0 on Mar 10 ’25. In the deal valued at $2.92 per share,1,900 shares were sold. As a result of this transaction, Lund Inez now holds 61,134 shares worth roughly $0.17 million.
Then, TOLNAR JEFFERY sold 2,700 shares, generating $7,776 in total proceeds. Upon selling the shares at $2.88, the President now owns 253,426 shares.
Before that, JEFFERY Tolnar bought 2,700 shares. Shoals Technologies Group Inc shares valued at $7,667 were divested by the Officer at a price of $2.84 per share.
Wolfe Research initiated its Shoals Technologies Group Inc [SHLS] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. BofA Securities began covering SHLS with “Buy” recommendation on November 25, 2024. TD Cowen maintained its rating on November 13, 2024. It rated SHLS as “a Buy”.
Price Performance Review of SHLS
On Tuesday, Shoals Technologies Group Inc [NASDAQ:SHLS] saw its stock fall -0.88% to $2.81. Over the last five days, the stock has lost -6.33%. Shoals Technologies Group Inc shares have fallen nearly -49.19% since the year began. Nevertheless, the stocks have fallen -78.38% over the past one year. While a 52-week high of $13.44 was reached on 01/07/25, a 52-week low of $2.77 was recorded on 03/11/25. SMA at 50 days reached $4.51, while 200 days put it at $5.47.
Levels Of Support And Resistance For SHLS Stock
The 24-hour chart illustrates a support level at 2.71, which if violated will result in even more drops to 2.61. On the upside, there is a resistance level at 2.91. A further resistance level may holdings at 3.01. The Relative Strength Index (RSI) on the 14-day chart is 27.76, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.19%. Stochastics %K at 3.66% indicates the stock is a buying.
The most recent change occurred on October 14, 2024 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $46 price target.
