Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Portland General Electric Co shares valued at $142,100 were sold by Felton Benjamin on Apr 16 ’24. At $40.60 per share, Felton Benjamin sold 3,500 shares. The insider’s holdings dropped to 31,950 shares worth approximately $1.31 million following the completion of this transaction.
Also, Bekkedahl Larry Neal sold 2,027 shares, netting a total of over 81,607 in proceeds. Following the sale of shares at $40.26 each, the insider now holds 28,765 shares.
Before that, Mersereau Anne Frances had sold 440 shares from its account. In a trade valued at $17,613, the Vice President traded Portland General Electric Co shares for $40.03 each. Upon closing the transaction, the insider’s holdings decreased to 440 shares, worth approximately $0.38 million.
As published in a research note from BofA Securities on February 05, 2024, Portland General Electric Co [POR] has been rated down from a Buy to a Neutral and the price target has been revised to $43 from $55. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of December 11, 2023, Barclays has increased its “an Equal weight” rating to a “an Overweight” for POR. Earlier on November 09, 2023, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for POR stock.
Analyzing POR Stock Performance
During the last five days, there has been a surge of approximately 0.71%. Over the course of the year, Portland General Electric Co shares have dropped approximately -5.45%. Shares of the company reached a 52-week high of $44.77 on 01/05/24 and a 52-week low of $39.13 on 02/08/24. A 50-day SMA is recorded $40.92, while a 200-day SMA reached $42.60. Nevertheless, trading volume fell to 0.78 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Portland General Electric Co (POR)
According to the 24-hour chart, there is a support level at 40.57, which, if violated, would cause prices to drop to 40.15. In the upper region, resistance lies at 41.22. The next price resistance is at 41.45. RSI (Relative Strength Index) is 48.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 58.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
