$ADT Stock Uptrend Channel Breakdown, Dark Pool Selling

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ADT stock broke below its uptrend channel support wall as of December 18, 2022. The MACD recently gave a sell signal and the money flow has just broke negative. Dark pool trading has recently occurred in $ADT stock that looks bearish. The stock is in a technical strong uptrend.

ADT stock chart on December 18 2022 with an uptrend channel breakdown pattern and negative MACD and negative money flow
ADT stock chart on December 18 2022 with an uptrend channel breakdown pattern and negative MACD and negative money flow

Unusual Dark Pool Trading In $ADT Stock

An unusually large dark pool trade occurred in $ADT stock on December 14, 2022. The dark pool trade was valued at $6.6 million. We think the dark pool trade may have been a sell order because $ADT stock fell following the trade hitting the tape.

ADT stock chart on December 18 2022 with dark pool trade shown with an orange bar
ADT stock chart on December 18 2022 with dark pool trade shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

ADT Appoints Jamie Haenggi to Lead ADT Solar

ADT Solar, a division of ADT Inc., will be led by Jamie Haenggi, according to an announcement made by ADT on December 16, 2022. Since March, Haenggi has served as ADT Solar’s executive vice president and COO. She will now oversee all operations for the division. Haenggi will have Marc Jones as a senior advisor. Marc was the founder of Sunpro, which ADT purchased in 2021. Jones was formerly ADT Solar’s executive vice president.

Haenggi began working for ADT in 2016 and has held executive positions in sales, marketing, and customer service. Additionally, she is a member of the Enphase Energy board of directors.

“ADT Solar represents a tremendous growth opportunity for ADT, and Jamie has distinguished herself as a strong leader with sharp business acumen, strong customer focus and outstanding operating skills,” said Jim DeVries, ADT President and CEO. “Jamie’s extensive knowledge of the smart home security industry will help unlock value for our customers seeking safe, smart and sustainable solutions for their homes and families.”

“I’m honored to lead ADT Solar and our dedicated team of professionals helping to bring more sustainable solar energy to households across America,” Haenggi said. “We’re on a mission to become the number-one residential solar company in America while helping to protect and connect people to what matters most with ADT’s trusted smart home, security and solar energy solutions.”

Rooftop solar and battery backup solutions with vertical integration are offered to customers in 23 states by ADT Solar.

ADT Gets Buy Rating From Citi

With a Buy rating and a $11 price target, Citi analyst Peter Christiansen resumed coverage of ADT on December 1, 2022. Given the potential for cross-selling, Peter Christiansen wrote in a research note to investors that ADT’s new partnership with State Farm, which includes exposure to the company’s 14 million customers, makes a lot of sense. Additionally, the analyst believes that State Farm’s equity investment tender process lessens the PE overhang for ADT to some extent.

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