Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PPL Corp shares valued at $346,447 were sold by Henninger Tadd J on Nov 16 ’23. At $25.99 per share, Henninger Tadd J sold 13,330 shares. The insider’s holdings dropped to 4,784 shares worth approximately $0.13 million following the completion of this transaction.
As published in a research note from Argus on March 08, 2024, PPL Corp [PPL] has been rated up from a Hold to a Buy and the price target has been revised to $30. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of August 23, 2023, Barclays has initiated its “an Equal weight” rating for PPL. Earlier on December 15, 2022, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for PPL stock which previously was a “an Equal-weight”.
Analyzing PPL Stock Performance
During the last five days, there has been a drop of approximately -1.98%. Over the course of the year, PPL Corp shares have dropped approximately -1.33%. Shares of the company reached a 52-week high of $28.00 on 01/08/24 and a 52-week low of $25.35 on 02/08/24. A 50-day SMA is recorded $26.70, while a 200-day SMA reached $26.01. Nevertheless, trading volume fell to 4.1 million shares from 4.94 million shares the previous day.
Support And Resistance Levels for PPL Corp (PPL)
According to the 24-hour chart, there is a support level at 26.58, which, if violated, would cause prices to drop to 26.42. In the upper region, resistance lies at 26.99. The next price resistance is at 27.23. RSI (Relative Strength Index) is 44.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 87.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is PPL Corp subject to short interest?
Stocks of PPL Corp saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.34 million shares to 16.87 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 17.21 million shares. A decline of -2.02% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.26 of the overall float, the days-to-cover ratio (short ratio) decline to 3.26.
