Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NextEra Energy Inc shares valued at $114,342 were sold by May James Michael on Mar 13 ’24. At $59.00 per share, May James Michael sold 1,938 shares. The insider’s holdings dropped to 17,432 shares worth approximately $1.11 million following the completion of this transaction.
Also, HACHIGIAN KIRK S purchased 20,000 shares, netting a total of over 1,116,700 in proceeds. Following the buying of shares at $55.84 each, the insider now holds 25,000 shares.
Before that, Pimentel Armando Jr had sold 91,160 shares from its account. In a trade valued at $5,790,483, the Director, Pres & CEO of Sub traded NextEra Energy Inc shares for $63.52 each. Upon closing the transaction, the insider’s holdings decreased to 91,160 shares, worth approximately $8.26 million.
As published in their initiating research note from Barclays on April 10, 2024, NextEra Energy Inc [NEE] has been an Equal weight and the price target has been revised to $66. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 09, 2023, Seaport Research Partners has decreased its “Neutral” rating to a “Sell” for NEE. Earlier on October 05, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for NEE stock which previously was a “an Overweight”.
Analyzing NEE Stock Performance
During the last five days, there has been a surge of approximately 0.33%. Over the course of the year, NextEra Energy Inc shares have jumped approximately 5.27%. Shares of the company reached a 52-week high of $65.86 on 04/09/24 and a 52-week low of $53.95 on 03/04/24. A 50-day SMA is recorded $59.04, while a 200-day SMA reached $61.97. Nevertheless, trading volume fell to 12.14 million shares from 10.78 million shares the previous day.
Support And Resistance Levels for NextEra Energy Inc (NEE)
According to the 24-hour chart, there is a support level at 63.24, which, if violated, would cause prices to drop to 62.54. In the upper region, resistance lies at 64.71. The next price resistance is at 65.49. RSI (Relative Strength Index) is 61.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 42.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is NextEra Energy Inc subject to short interest?
Stocks of NextEra Energy Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.21 million shares to 24.98 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 23.77 million shares. A jump of 4.84% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.84.
