Oge Energy Corp.’s recent filing unveils that its VP- Corp. Resp.& Stewardship McQuistion Cristina F unloaded Company’s shares for reported $0.14 million on Mar 06 ’24. In the deal valued at $33.92 per share,4,187 shares were sold. As a result of this transaction, McQuistion Cristina F now holds 25,926 shares worth roughly $0.87 million.
Ladenburg Thalmann downgraded its Oge Energy Corp. [OGE] rating to a Neutral from a a Buy in a research note published on January 16, 2024; the price target was decreased to $34 from $36. 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. Ladenburg Thalmann also remained covering OGE and has increased its forecast on June 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Ladenburg Thalmann started covering the stock on April 20, 2023. It rated OGE as “a Neutral”.
Price Performance Review of OGE
On Friday, Oge Energy Corp. [NYSE:OGE] saw its stock fall -1.52% to $33.71. Over the last five days, the stock has lost -1.72%. Oge Energy Corp. shares have fallen nearly -3.49% since the year began. Nevertheless, the stocks have fallen -10.20% over the past one year. While a 52-week high of $39.09 was reached on 01/04/24, a 52-week low of $31.25 was recorded on 02/13/24. SMA at 50 days reached $33.41, while 200 days put it at $34.44. A total of 1.48 million shares were traded, compared to the trading of 1.76 million shares in the previous session.
Levels Of Support And Resistance For OGE Stock
The 24-hour chart illustrates a support level at 33.50, which if violated will result in even more drops to 33.29. On the upside, there is a resistance level at 33.88. A further resistance level may holdings at 34.05. The Relative Strength Index (RSI) on the 14-day chart is 48.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.28%. Stochastics %K at 59.39% indicates the stock is a holding.
How much short interest is there in Oge Energy Corp.?
A steep rise in short interest was recorded in Oge Energy Corp. stocks on Mar 15, 2024, dropping by -0.11 million shares to a total of 5.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.41 million shares. There was a decline of -2.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.35.
