In a filing, Sempra revealed its Executive Vice President BIRD JUSTIN CHRISTOPHER unloaded Company’s shares for reported $0.44 million on Mar 08 ’24. In the deal valued at $70.60 per share,6,278 shares were sold. As a result of this transaction, BIRD JUSTIN CHRISTOPHER now holds 13,434 shares worth roughly $0.95 million.
Then, Sedgwick Karen L sold 3,624 shares, generating $255,818 in total proceeds. Upon selling the shares at $70.59, the Executive VP and CFO now owns 39,400 shares.
Before that, DAY DIANA L sold 3,406 shares. Sempra shares valued at $240,532 were divested by the Chief Legal Counsel at a price of $70.62 per share. As a result of the transaction, DAY DIANA L now holds 14,739 shares, worth roughly $1.04 million.
BMO Capital Markets upgraded its Sempra [SRE] rating to an Outperform from a a Market perform in a research note published on January 11, 2024; the price target was increased to $84 from $76. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. JP Morgan also remained covering SRE and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays started covering the stock on August 23, 2023. It rated SRE as “an Overweight”.
Price Performance Review of SRE
On Friday, Sempra [NYSE:SRE] saw its stock fall -0.45% to $70.52. Over the last five days, the stock has lost -1.82%. Sempra shares have fallen nearly -5.63% since the year began. Nevertheless, the stocks have fallen -6.14% over the past one year. While a 52-week high of $79.51 was reached on 01/08/24, a 52-week low of $63.75 was recorded on 02/13/24. SMA at 50 days reached $70.71, while 200 days put it at $71.80. A total of 2.8 million shares were traded, compared to the trading of 4.81 million shares in the previous session.
Levels Of Support And Resistance For SRE Stock
The 24-hour chart illustrates a support level at 70.00, which if violated will result in even more drops to 69.48. On the upside, there is a resistance level at 70.89. A further resistance level may holdings at 71.26. The Relative Strength Index (RSI) on the 14-day chart is 48.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.48%. Stochastics %K at 56.11% indicates the stock is a holding.
How much short interest is there in Sempra?
A steep rise in short interest was recorded in Sempra stocks on Mar 15, 2024, dropping by -0.33 million shares to a total of 12.34 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.67 million shares. There was a decline of -2.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.8.
The most recent change occurred on June 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $178 price target.
