Enphase Stock Slumps Amid Interest Rate Concerns, Insider Selling—Watch These Levels

Key TakeawaysEnphase Energy shares remain in focus this week after the stock logged its fifth consecutive lower close on Friday amid concerns over persistently high interest rates and insider selling.Higher interest rates for longer could keep demand subdued for the company's range of solar products, such as panels and inverters.The Enphase share price trades within a symmetrical triangle, with support around $107 and resistance near $131.50. Enphase Energy (ENPH) remains in focus this week after shares in ...