In a filing, ReNew Energy Global plc revealed its Officer Mehta Balram acquired Company’s shares for reported $0.22 million on Oct 04 ’24. In the deal valued at $6.29 per share,34,468 shares were bought.
Then, Vaswani Kailash bought 200,000 shares, generating $1,258,000 in total proceeds.
Morgan Stanley downgraded its ReNew Energy Global plc [RNW] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Credit Suisse also remained covering RNW and has increased its forecast on May 15, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 01, 2023. It rated RNW as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of RNW
On Tuesday, ReNew Energy Global plc [NASDAQ:RNW] saw its stock jump 0.76% to $6.66. Over the last five days, the stock has gained 4.88%. ReNew Energy Global plc shares have fallen nearly -2.49% since the year began. Nevertheless, the stocks have risen 10.82% over the past one year. While a 52-week high of $7.49 was reached on 01/07/25, a 52-week low of $5.15 was recorded on 04/09/25. SMA at 50 days reached $6.19, while 200 days put it at $6.18.
Levels Of Support And Resistance For RNW Stock
The 24-hour chart illustrates a support level at 6.57, which if violated will result in even more drops to 6.48. On the upside, there is a resistance level at 6.74. A further resistance level may holdings at 6.81. The Relative Strength Index (RSI) on the 14-day chart is 62.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.43%. Stochastics %K at 85.50% indicates the stock is a selling.
The most recent change occurred on December 07, 2021 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $17 price target.
