Market Overview

Sunrun Attempts To Rally Off Upgrade

Share:

Sunrun Inc (NASDAQ: RUN) shares are trading higher by $0.08 (2 percent) at $4.88 in Wednesday's session.

Before the open, the solar company was upgraded by UBS from Neutral to Buy. However, the upgrade hasm't resonated with investors as it comes in one of the most-hated sectors on the Street, that being the solar sector.

After a higher open, Sunrun's stock immediately peaked at $5.10 and reversed course. That high coincides with its March 13 high of $5.07. Since making that high, it has drifted lower but has yet to reach Tuesday's closing price of $4.80, as $4.85 stands as the low for the session.

If the decline continues, it may not go to far as just below the close are a trio of lows from March 14 ($4.79), March 20 ($4.82) and March 21 ($4.80).

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

Related Articles (RUN)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Sears Should Be A Warning Sign To Suppliers, Says Cramer

Retail's Latest Casualty: Payless