Portland General Electric Co’s recent filing unveils that its EVP, COO Felton Benjamin unloaded Company’s shares for reported $0.14 million on Apr 16 ’24. In the deal valued at $40.60 per share,3,500 shares were sold. As a result of this transaction, Felton Benjamin now holds 31,950 shares worth roughly $1.38 million.
Then, Bekkedahl Larry Neal sold 2,027 shares, generating $81,607 in total proceeds. Upon selling the shares at $40.26, the Sr. Vice President now owns 28,765 shares.
Before that, Mersereau Anne Frances sold 440 shares. Portland General Electric Co shares valued at $17,613 were divested by the Vice President at a price of $40.03 per share. As a result of the transaction, Mersereau Anne Frances now holds 9,269 shares, worth roughly $0.4 million.
BofA Securities downgraded its Portland General Electric Co [POR] rating to a Neutral from a a Buy in a research note published on February 05, 2024; the price target was decreased to $43 from $55. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Barclays also remained covering POR and has increased its forecast on December 11, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Ladenburg Thalmann started covering the stock on November 09, 2023. It rated POR as “a Buy”.
Price Performance Review of POR
On Monday, Portland General Electric Co [NYSE:POR] saw its stock jump 1.14% to $43.29. Over the last five days, the stock has gained 5.92%. Portland General Electric Co shares have fallen nearly -0.12% since the year began. Nevertheless, the stocks have fallen -15.03% over the past one year. While a 52-week high of $51.58 was reached on 01/05/24, a 52-week low of $38.01 was recorded on 02/08/24. SMA at 50 days reached $41.09, while 200 days put it at $42.53. A total of 1.06 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 42.85, which if violated will result in even more drops to 42.41. On the upside, there is a resistance level at 43.66. A further resistance level may holdings at 44.03. The Relative Strength Index (RSI) on the 14-day chart is 66.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.58%. Stochastics %K at 88.77% indicates the stock is a selling.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $43 price target.
