Insider Selling: John M. Stanton Sells 1,500 Shares of SolarCity Corp Stock (SCTY)
SolarCity Corp (NASDAQ:SCTY) EVP John M. Stanton unloaded 1,500 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $70.59, for a total value of $105,885.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SCTY. Analysts at Credit Suisse reiterated an “outperform” rating on shares of SolarCity Corp in a research note on Friday, July 25th. They now have a $93.00 price target on the stock, up previously from $75.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of SolarCity Corp from $72.00 to $77.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of SolarCity Corp in a research note on Wednesday, July 2nd. They set a “buy” rating and a $94.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $83.44.
Shares of SolarCity Corp (NASDAQ:SCTY) traded up 0.36% on Monday, hitting $70.06. 3,857,129 shares of the company’s stock traded hands. SolarCity Corp has a 52 week low of $28.31 and a 52 week high of $88.35. The stock has a 50-day moving average of $68.05 and a 200-day moving average of $64.8. The company’s market cap is $6.453 billion.
SolarCity Corporation (NASDAQ:SCTY) is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers.
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