Eversource Energy’s filing revealed that its Trustee FORRY LINDA DORCENA unloaded Company’s shares for reported $47775.0 on Mar 01 ’24. In the deal valued at $58.12 per share,822 shares were sold. As a result of this transaction, FORRY LINDA DORCENA now holds 10,485 shares worth roughly $0.61 million.
Then, Williams Frederica M sold 2,714 shares, generating $156,337 in total proceeds. Upon selling the shares at $57.60, the Trustee now owns 21,621 shares.
Before that, VAN FAASEN WILLIAM C sold 2,714 shares. Eversource Energy shares valued at $147,913 were divested by the Trustee at a price of $54.50 per share. As a result of the transaction, VAN FAASEN WILLIAM C now holds 19,619 shares, worth roughly $1.15 million.
UBS upgraded its Eversource Energy [ES] rating to a Buy from a a Neutral in a research note published on April 04, 2024; the price target was increased to $67 from $62. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Guggenheim also remained covering ES and has increased its forecast on January 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on November 07, 2023. It rated ES as “an In-line” which previously was an “an Outperform”.
Price Performance Review of ES
On Friday, Eversource Energy [NYSE:ES] saw its stock fall -0.70% to $58.51. Over the last five days, the stock has lost -2.11%. Eversource Energy shares have fallen nearly -5.20% since the year began. Nevertheless, the stocks have fallen -25.04% over the past one year. While a 52-week high of $81.36 was reached on 01/03/24, a 52-week low of $52.03 was recorded on 01/23/24. SMA at 50 days reached $57.55, while 200 days put it at $60.99. A total of 1.43 million shares were traded, compared to the trading of 1.73 million shares in the previous session.
Levels Of Support And Resistance For ES Stock
The 24-hour chart illustrates a support level at 58.10, which if violated will result in even more drops to 57.68. On the upside, there is a resistance level at 58.89. A further resistance level may holdings at 59.26. The Relative Strength Index (RSI) on the 14-day chart is 50.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.56%. Stochastics %K at 64.31% indicates the stock is a holding.
How much short interest is there in Eversource Energy?
A steep rise in short interest was recorded in Eversource Energy stocks on Mar 15, 2024, dropping by 20000.0 shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.23 million shares. There was a decline of -0.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.64.
