In a filing, Firstenergy Corp. revealed its SVP, CHRO & Corporate Services Walker Christine unloaded Company’s shares for reported $0.47 million on Nov 27 ’23. In the deal valued at $37.58 per share,12,500 shares were sold. As a result of this transaction, Walker Christine now holds 36,959 shares worth roughly $1.42 million.
Barclays initiated its Firstenergy Corp. [FE] rating to an Equal weight in a research note published on August 23, 2023; the price target was $37. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Guggenheim also remained covering FE and has increased its forecast on January 23, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on January 23, 2023. It rated FE as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of FE
On Monday, Firstenergy Corp. [NYSE:FE] saw its stock jump 0.95% to $38.37. Firstenergy Corp. shares have risen nearly 4.66% since the year began. Nevertheless, the stocks have fallen -7.79% over the past one year. While a 52-week high of $41.99 was reached on 01/10/24, a 52-week low of $32.18 was recorded on 02/08/24. SMA at 50 days reached $37.46, while 200 days put it at $37.04. A total of 2.42 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 38.09, which if violated will result in even more drops to 37.81. On the upside, there is a resistance level at 38.52. A further resistance level may holdings at 38.66. The Relative Strength Index (RSI) on the 14-day chart is 55.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.73%. Stochastics %K at 47.29% indicates the stock is a holding.
How much short interest is there in Firstenergy Corp.?
A steep rise in short interest was recorded in Firstenergy Corp. stocks on Mar 15, 2024, dropping by -0.32 million shares to a total of 12.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.07 million shares. There was a decline of -2.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.13.
