Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oge Energy Corp. shares valued at $142,006 were sold by McQuistion Cristina F on Mar 06 ’24. At $33.92 per share, McQuistion Cristina F sold 4,187 shares. The insider’s holdings dropped to 25,926 shares worth approximately $0.85 million following the completion of this transaction.
As published in a research note from Ladenburg Thalmann on January 16, 2024, Oge Energy Corp. [OGE] has been rated down from a Buy to a Neutral and the price target has been revised to $34 from $36. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 15, 2023, Ladenburg Thalmann has increased its “Neutral” rating to a “Buy” for OGE. Earlier on April 20, 2023, Ladenburg Thalmann initiated its rating. Their recommendation was “a Neutral” for OGE stock.
Analyzing OGE Stock Performance
During the last five days, there has been a drop of approximately -0.42%. Over the course of the year, Oge Energy Corp. shares have dropped approximately -5.70%. Shares of the company reached a 52-week high of $35.99 on 01/04/24 and a 52-week low of $32.06 on 02/13/24. A 50-day SMA is recorded $33.42, while a 200-day SMA reached $34.33. Nevertheless, trading volume fell to 1.12 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Oge Energy Corp. (OGE)
According to the 24-hour chart, there is a support level at 32.61, which, if violated, would cause prices to drop to 32.29. In the upper region, resistance lies at 33.15. The next price resistance is at 33.36. RSI (Relative Strength Index) is 42.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 75.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
