Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dominion Energy Inc shares valued at $99,998 were purchased by RIGBY JOSEPH M on Mar 06 ’24. At $46.94 per share, RIGBY JOSEPH M acquired 2,130 shares. The insider’s holdings grew to 8,417 shares worth approximately $0.41 million following the completion of this transaction.
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Also, BLUE ROBERT M purchased 21,735 shares, netting a total of over 997,891 in proceeds. Following the buying of shares at $45.91 each, the insider now holds 176,240 shares.
Before that, Leopold Diane had sold 6,250 shares from its account. In a trade valued at $284,453, the Exec. Vice President and COO traded Dominion Energy Inc shares for $45.51 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $4.28 million.
As published in a research note from BMO Capital Markets on March 11, 2024, Dominion Energy Inc [D] has been rated down from an Outperform to a Market perform and the price target has been revised to $49. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early November. As of October 16, 2023, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for D. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for D stock.
Analyzing D Stock Performance
During the last five days, there has been a surge of approximately 0.75%. Over the course of the year, Dominion Energy Inc shares have jumped approximately 3.23%. Shares of the company reached a 52-week high of $49.37 on 01/08/24 and a 52-week low of $43.53 on 02/13/24. A 50-day SMA is recorded $46.40, while a 200-day SMA reached $47.38. Nevertheless, trading volume fell to 6.54 million shares from 8.49 million shares the previous day.
Support And Resistance Levels for Dominion Energy Inc (D)
According to the 24-hour chart, there is a support level at 47.26, which, if violated, would cause prices to drop to 45.99. In the upper region, resistance lies at 49.17. The next price resistance is at 49.81. RSI (Relative Strength Index) is 55.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 21.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dominion Energy Inc subject to short interest?
Stocks of Dominion Energy Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.59 million shares to 11.39 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 11.98 million shares. A decline of -5.18% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.13 of the overall float, the days-to-cover ratio (short ratio) decline to 2.13.
