Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Duke Energy Corp. shares valued at $277,707 were sold by Renjel Louis E. on Feb 12 ’24. At $92.57 per share, Renjel Louis E. sold 3,000 shares. The insider’s holdings dropped to 14,213 shares worth approximately $1.37 million following the completion of this transaction.
Also, Ghartey-Tagoe Kodwo sold 2,500 shares, netting a total of over 224,400 in proceeds. Following the sale of shares at $89.76 each, the insider now holds 22,210 shares.
Before that, MCKEE E MARIE had sold 1,785 shares from its account. In a trade valued at $162,542, the Director traded Duke Energy Corp. shares for $91.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,785 shares, worth approximately $0.0.
As published in a research note from BofA Securities on February 12, 2024, Duke Energy Corp. [DUK] has been rated down from a Buy to a Neutral and the price target has been revised to $96 from $105. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 10, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for DUK. Earlier on November 30, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for DUK stock which previously was a “an Equal weight”.
Analyzing DUK Stock Performance
During the last five days, there has been a surge of approximately 0.03%. Over the course of the year, Duke Energy Corp. shares have dropped approximately -0.95%. Shares of the company reached a 52-week high of $99.92 on 01/10/24 and a 52-week low of $90.09 on 03/01/24. A 50-day SMA is recorded $94.16, while a 200-day SMA reached $92.45. Nevertheless, trading volume fell to 2.67 million shares from 2.28 million shares the previous day.
Support And Resistance Levels for Duke Energy Corp. (DUK)
According to the 24-hour chart, there is a support level at 95.25, which, if violated, would cause prices to drop to 94.39. In the upper region, resistance lies at 96.93. The next price resistance is at 97.74. RSI (Relative Strength Index) is 56.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 32.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Duke Energy Corp. subject to short interest?
Stocks of Duke Energy Corp. saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.12 million shares to 9.4 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.52 million shares. A decline of -11.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.73 of the overall float, the days-to-cover ratio (short ratio) decline to 2.73.
