Company Shares of SolarCity Corporation Rally 0.42%

Stocks of SolarCity Corporation (NASDAQ:SCTY) rallied by 0.42% during the past week but lost 2.83% on a 4-week basis. The company has outperformed the S&P 500 by 1.63% in the past week but underperformed the index by 3.71% in the last 4 weeks.

SolarCity Corporation (NASDAQ:SCTY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.51 and $21.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.32, notching a gain of 0.42% for the day. The total traded volume was 3,062,935 . The stock had closed at $21.23 on the previous day.

The company shares have dropped -63.05% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $61.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.23 and the 200 Day Moving Average price is recorded at $29.66.

On the companys insider trading activities,The officer (EVP, General Counsel) of Solarcity Corp, Weissman Seth R sold 940 shares at $20.35 on May 16, 2016. The Insider selling transaction had a total value worth of $19,129. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Baird upgrades the rating on SolarCity Corporation (NASDAQ:SCTY). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 36.4% of SolarCity Corporation shares according to the proxy statements. Institutional Investors own 47.22% of SolarCity Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.55%.

SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales, engineering, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial and government customers. It offers its customers the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Companys products, services and technologies include solar energy systems, customer agreements, grid control / energy storage systems, Zep solar mounting systems and software. The Companys wholly owned subsidiary, Zep Solar, Inc. (Zep Solar) licenses its Zep Groove technology to photovoltaic module and power electronics manufacturers, and supplies the Company with complementary mounting and grounding hardware. The Company served customers in 15 states and the District of Columbia, United States.

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