Public Service Enterprise Group Inc.’s filing revealed that its Chair, President and CEO LaRossa Ralph A unloaded Company’s shares for reported $91192.0 on Apr 01 ’24. In the deal valued at $66.37 per share,1,374 shares were sold. As a result of this transaction, LaRossa Ralph A now holds 152,347 shares worth roughly $10.16 million.
Then, Chernick Rose M sold 200 shares, generating $12,840 in total proceeds. Upon selling the shares at $64.20, the Vice President and Controller now owns 34,716 shares.
Before that, Thigpen Richard T sold 4,800 shares. Public Service Enterprise Group Inc. shares valued at $308,064 were divested by the SVP Corporate Citizenship at a price of $64.18 per share. As a result of the transaction, Thigpen Richard T now holds 31,122 shares, worth roughly $2.08 million.
Guggenheim downgraded its Public Service Enterprise Group Inc. [PEG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. UBS also remained covering PEG and has decreased its forecast on August 14, 2023 with a “Neutral” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on June 20, 2023. It rated PEG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PEG
On Monday, Public Service Enterprise Group Inc. [NYSE:PEG] saw its stock jump 1.48% to $66.71. Over the last five days, the stock has gained 2.32%. Public Service Enterprise Group Inc. shares have risen nearly 9.09% since the year began. Nevertheless, the stocks have risen 4.30% over the past one year. While a 52-week high of $67.51 was reached on 04/02/24, a 52-week low of $53.71 was recorded on 01/24/24. SMA at 50 days reached $63.81, while 200 days put it at $61.73. A total of 2.69 million shares were traded, compared to the trading of 2.95 million shares in the previous session.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 65.87, which if violated will result in even more drops to 65.03. On the upside, there is a resistance level at 67.31. A further resistance level may holdings at 67.91. The Relative Strength Index (RSI) on the 14-day chart is 60.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.71%. Stochastics %K at 53.06% indicates the stock is a holding.
The most recent change occurred on June 08, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $64 price target.
