Duke Energy Corp.’s filing revealed that its EVP, External Affairs & Comm Renjel Louis E. unloaded Company’s shares for reported $0.28 million on Feb 12 ’24. In the deal valued at $92.57 per share,3,000 shares were sold. As a result of this transaction, Renjel Louis E. now holds 14,213 shares worth roughly $1.32 million.
Then, Ghartey-Tagoe Kodwo sold 2,500 shares, generating $224,400 in total proceeds. Upon selling the shares at $89.76, the EVP, CLO & Corp Sec now owns 22,210 shares.
Before that, MCKEE E MARIE sold 1,785 shares. Duke Energy Corp. shares valued at $162,542 were divested by the Director at a price of $91.06 per share. As a result of the transaction, MCKEE E MARIE now holds 0 shares, worth roughly $0.0.
BofA Securities downgraded its Duke Energy Corp. [DUK] rating to a Neutral from a a Buy in a research note published on February 12, 2024; the price target was decreased to $96 from $105. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late January from “an In-line” to “an Outperform”. RBC Capital Mkts also remained covering DUK and has increased its forecast on January 10, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Wells Fargo revised its rating on November 30, 2023. It rated DUK as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of DUK
On Tuesday, Duke Energy Corp. [NYSE:DUK] saw its stock fall -1.34% to $92.87. Over the last five days, the stock has lost -4.57%. Duke Energy Corp. shares have fallen nearly -4.30% since the year began. Nevertheless, the stocks have fallen -4.89% over the past one year. While a 52-week high of $100.39 was reached on 01/10/24, a 52-week low of $83.06 was recorded on 03/01/24. SMA at 50 days reached $94.05, while 200 days put it at $92.65. A total of 2.66 million shares were traded, compared to the trading of 2.62 million shares in the previous session.
Levels Of Support And Resistance For DUK Stock
The 24-hour chart illustrates a support level at 92.41, which if violated will result in even more drops to 91.95. On the upside, there is a resistance level at 93.67. A further resistance level may holdings at 94.46. The Relative Strength Index (RSI) on the 14-day chart is 38.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.37%. Stochastics %K at 16.95% indicates the stock is a buying.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $96 price target.
