NextEra Energy Inc [NEE] Stock sold by Insider May James Michael for $0.11 million

NextEra Energy Inc’s filing revealed that its VP, Controller and CAO May James Michael unloaded Company’s shares for reported $0.11 million on Mar 13 ’24. In the deal valued at $59.00 per share,1,938 shares were sold. As a result of this transaction, May James Michael now holds 17,432 shares worth roughly $1.1 million.

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Then, HACHIGIAN KIRK S bought 20,000 shares, generating $1,116,700 in total proceeds. Upon buying the shares at $55.84, the Director now owns 25,000 shares.

Before that, Pimentel Armando Jr sold 91,160 shares. NextEra Energy Inc shares valued at $5,790,483 were divested by the Director, Pres & CEO of Sub at a price of $63.52 per share. As a result of the transaction, Pimentel Armando Jr now holds 129,230 shares, worth roughly $8.19 million.

Citigroup initiated its NextEra Energy Inc [NEE] rating to a Buy in a research note published on December 08, 2023; the price target was $69. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “a Sell”. KeyBanc Capital Markets also remained covering NEE and has decreased its forecast on October 05, 2023 with a “Sector weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on June 08, 2023. It rated NEE as “a Buy”.

Price Performance Review of NEE

On Monday, NextEra Energy Inc [NYSE:NEE] saw its stock fall -0.83% to $63.38. Over the last five days, the stock has gained 2.59%. NextEra Energy Inc shares have risen nearly 4.35% since the year began. Nevertheless, the stocks have fallen -16.73% over the past one year. While a 52-week high of $79.78 was reached on 03/28/24, a 52-week low of $47.15 was recorded on 03/04/24. SMA at 50 days reached $58.08, while 200 days put it at $62.40. A total of 13.13 million shares were traded, compared to the trading of 12.83 million shares in the previous session.

Levels Of Support And Resistance For NEE Stock

The 24-hour chart illustrates a support level at 62.74, which if violated will result in even more drops to 62.11. On the upside, there is a resistance level at 64.03. A further resistance level may holdings at 64.68. The Relative Strength Index (RSI) on the 14-day chart is 67.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.41%. Stochastics %K at 93.17% indicates the stock is a selling.

How much short interest is there in NextEra Energy Inc?

A steep rise in short interest was recorded in NextEra Energy Inc stocks on Mar 15, 2024, growing by 1.21 million shares to a total of 24.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 23.77 million shares. There was a rise of 4.84%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.84.

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