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 $0.15 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.
RBC Capital Mkts initiated its Array Technologies Inc [ARRY] rating to a Sector perform in a research note published on March 17, 2025; the price target was $7. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. TD Cowen also remained covering ARRY and reiterated its “Hold” recommendation on February 28, 2025. Seaport Research Partners revised its rating on February 28, 2025. 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 -0.59% to $5.08. Over the last five days, the stock has lost -10.72%. Array Technologies Inc shares have fallen nearly -15.89% since the year began. Nevertheless, the stocks have fallen -64.02% over the past one year. While a 52-week high of $15.35 was reached on 02/06/25, a 52-week low of $4.89 was recorded on 02/28/25. SMA at 50 days reached $6.43, while 200 days put it at $7.34.
Levels Of Support And Resistance For ARRY Stock
The 24-hour chart illustrates a support level at 4.99, which if violated will result in even more drops to 4.90. On the upside, there is a resistance level at 5.14. A further resistance level may holdings at 5.20. The Relative Strength Index (RSI) on the 14-day chart is 34.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.33%. Stochastics %K at 4.94% indicates the stock is a buying.
How much short interest is there in Array Technologies Inc?
A steep rise in short interest was recorded in Array Technologies Inc stocks on 2025-03-14, dropping by -1.27 million shares to a total of 20.5 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 21.77 million shares. There was a decline of -6.18%, which implies that there is a negative sentiment for the stock.
