Pineapple Energy Inc ( PEGY ) shares are trading lower by 63.8% to $0.29 during Monday’s session after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.

This move follows an amendment to the company’s secured note, which led to adjustments in the conversion and exercise prices of the Series A Preferred Stock and Warrants.

As a result, holders of the Series A Preferred Stock and Warrants can convert or exercise their holdings at a price of $0.45 per share.

The new Series C Preferred Stock, which does not have the reset provisions of the Series A Preferred Stock, will be convertible into up to 62,313,111 shares of the company’s common stock.

Read Also: AI Deals Drive Oracle Momentum: Will Q1 Earnings Keep Stock In Fast Lane?

Should I Sell My PEGY Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Pineapple Energy ( PEGY ) have decreased by 98.13% in the past year. An investor who bought shares of Pineapple Energy ( PEGY ) at the beginning of the year would take a loss of $9.16 per share if they sold it today. The stock has fallen 71.71% over the past month, meaning an investor who bought shares on Aug. 1 would see a capital loss of $0.72.

Pineapple Energy ( PEGY ) shares have an all-time high of $151.5, representing 51890.39% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Pineapple Energy ( PEGY ) stock currently has an RSI of 54.27, indicating neutral conditions.

For access to advanced charting and analysis tools and stock data, check out Benzinga PRO. Try it for free.

According to data from Benzinga Pro, PEGY has a 52-week high of $16.12 and a 52-week low of $0.28.