Public Service Enterprise Group Inc.’s recent filing unveils that its Vice President and Controller Chernick Rose M unloaded Company’s shares for reported $12840.0 on Mar 21 ’24. In the deal valued at $64.20 per share,200 shares were sold. As a result of this transaction, Chernick Rose M now holds 34,716 shares worth roughly $2.26 million.
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Then, Thigpen Richard T sold 4,800 shares, generating $308,064 in total proceeds. Upon selling the shares at $64.18, the SVP Corporate Citizenship now owns 31,122 shares.
Before that, LaRossa Ralph A sold 1,374 shares. Public Service Enterprise Group Inc. shares valued at $86,562 were divested by the Chair, President and CEO at a price of $63.00 per share. As a result of the transaction, LaRossa Ralph A now holds 153,721 shares, worth roughly $10.0 million.
Guggenheim downgraded its Public Service Enterprise Group Inc. [PEG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. UBS also remained covering PEG and has decreased its forecast on August 14, 2023 with a “Neutral” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on June 20, 2023. It rated PEG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PEG
On Friday, Public Service Enterprise Group Inc. [NYSE:PEG] saw its stock jump 1.86% to $65.03. Over the last five days, the stock has gained 1.96%. Public Service Enterprise Group Inc. shares have risen nearly 6.35% since the year began. Nevertheless, the stocks have risen 13.83% over the past one year. While a 52-week high of $65.59 was reached on 03/08/24, a 52-week low of $53.71 was recorded on 01/24/24. SMA at 50 days reached $60.77, while 200 days put it at $61.35. A total of 3.87 million shares were traded, compared to the trading of 2.59 million shares in the previous session.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 64.41, which if violated will result in even more drops to 63.80. On the upside, there is a resistance level at 65.50. A further resistance level may holdings at 65.98. The Relative Strength Index (RSI) on the 14-day chart is 65.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.56%. Stochastics %K at 61.84% indicates the stock is a holding.
How much short interest is there in Public Service Enterprise Group Inc.?
A steep rise in short interest was recorded in Public Service Enterprise Group Inc. stocks on Feb 29, 2024, growing by 0.43 million shares to a total of 6.64 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.21 million shares. There was a rise of 6.48%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.29.
The most recent change occurred on June 08, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $64 price target.
