Sempra’s recent filing unveils that 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 $0.92 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 $1.01 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 -0.81% to $68.69. Over the last five days, the stock has lost -2.60%. Sempra shares have fallen nearly -8.08% since the year began. Nevertheless, the stocks have fallen -10.76% 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 $70.59, while 200 days put it at $71.73. A total of 2.26 million shares were traded, compared to the trading of 3.21 million shares in the previous session.
Levels Of Support And Resistance For SRE Stock
The 24-hour chart illustrates a support level at 68.22, which if violated will result in even more drops to 67.76. On the upside, there is a resistance level at 69.39. A further resistance level may holdings at 70.10. The Relative Strength Index (RSI) on the 14-day chart is 39.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.95%. Stochastics %K at 18.57% indicates the stock is a buying.
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.
