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SolarEdge Stock Dims on C-Suite Shakeup
SEDGSolarEdge(SEDG) Schaeffers Investment Research·2024-08-26 14:26

Company Overview - SolarEdge Technologies Inc (NASDAQ:SEDG) is experiencing a decline in stock price, down 5.8% to 27.17afterCEOZviLandoannouncedhisresignation,withRonenFaier,theformerCFO,steppinginasinterimCEO[1]Thestockhasreboundedfromalowof27.17 after CEO Zvi Lando announced his resignation, with Ronen Faier, the former CFO, stepping in as interim CEO [1] - The stock has rebounded from a low of 19.81 on August 8, which was its lowest level since summer 2016, and has gained 14.9% on Friday, but is still down 57.3% over the last six months and 83.1% over the past 12 months [2] Options Trading Activity - Options traders are showing increased activity, with 6,180 calls and 3,069 puts traded today, which is four times the average intraday volume, indicating heightened interest [3] - The 10-day put/call volume ratio for SolarEdge ranks higher than 96% of readings from the last 12 months, suggesting a predominantly bullish sentiment among options traders [4]