Entergy Corp.’s filing revealed that its EVP & General Counsel Brown Marcus V unloaded Company’s shares for reported $0.87 million on Mar 15 ’24. In the deal valued at $102.84 per share,8,500 shares were sold. As a result of this transaction, Brown Marcus V now holds 9,911 shares worth roughly $1.05 million.
Then, RODRIGUEZ DEANNA D. sold 1,500 shares, generating $151,845 in total proceeds. Upon selling the shares at $101.23, the “Officer” Under Sec. 16 Rules now owns 3,442 shares.
Before that, COOK-NELSON KIMBERLY sold 2,000 shares. Entergy Corp. shares valued at $200,700 were divested by the EVP & Chief Nuclear Officer at a price of $100.35 per share. As a result of the transaction, COOK-NELSON KIMBERLY now holds 16,037 shares, worth roughly $1.7 million.
BofA Securities upgraded its Entergy Corp. [ETR] rating to a Buy from a a Neutral in a research note published on November 21, 2023; the price target was increased to $110 from $94. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Sector perform”. UBS also remained covering ETR and has increased its forecast on November 06, 2023 with a “Buy” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on October 05, 2023. It rated ETR as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of ETR
On Monday, Entergy Corp. [NYSE:ETR] saw its stock jump 1.47% to $105.76. Over the last five days, the stock has gained 0.97%. Entergy Corp. shares have risen nearly 4.52% since the year began. Nevertheless, the stocks have fallen -4.35% over the past one year. While a 52-week high of $111.90 was reached on 04/02/24, a 52-week low of $87.10 was recorded on 02/13/24. SMA at 50 days reached $101.71, while 200 days put it at $98.96. A total of 1.5 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For ETR Stock
The 24-hour chart illustrates a support level at 104.68, which if violated will result in even more drops to 103.59. On the upside, there is a resistance level at 106.32. A further resistance level may holdings at 106.87. The Relative Strength Index (RSI) on the 14-day chart is 63.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.64%. Stochastics %K at 66.33% indicates the stock is a holding.
How much short interest is there in Entergy Corp.?
A steep rise in short interest was recorded in Entergy Corp. stocks on Mar 15, 2024, dropping by -0.16 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.37 million shares. There was a decline of -7.24%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.6.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $98 price target.
