The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NRG Energy Inc. shares valued at $2,545,600 were sold by Killinger Elizabeth R on Mar 15 ’24. At $63.64 per share, Killinger Elizabeth R sold 40,000 shares. The insider’s holdings dropped to 107,123 shares worth approximately $7.8 million following the completion of this transaction.
Also, Patel Rasesh M. sold 49,092 shares, netting a total of over 3,072,668 in proceeds. Following the sale of shares at $62.59 each, the insider now holds 356,962 shares.
As published in their initiating research note from Wells Fargo on January 23, 2024, NRG Energy Inc. [NRG] has been an Overweight and the price target has been revised to $65. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 01, 2023, Guggenheim has increased its “Neutral” rating to a “Buy” for NRG. Earlier on March 20, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for NRG stock which previously was a “a Neutral”.
Analyzing NRG Stock Performance
During the last five days, there has been a surge of approximately 3.32%. Over the course of the year, NRG Energy Inc. shares have jumped approximately 40.93%. Shares of the company reached a 52-week high of $76.54 on 04/15/24 and a 52-week low of $50.23 on 01/11/24. A 50-day SMA is recorded $64.44, while a 200-day SMA reached $48.99. Nevertheless, trading volume fell to 1.81 million shares from 3.19 million shares the previous day.
Support And Resistance Levels for NRG Energy Inc. (NRG)
According to the 24-hour chart, there is a support level at 71.72, which, if violated, would cause prices to drop to 70.57. In the upper region, resistance lies at 73.50. The next price resistance is at 74.13. RSI (Relative Strength Index) is 60.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 49.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
