Centerpoint Energy Inc.’s recent filing unveils that its EVP and CFO Foster Christopher A acquired Company’s shares for reported $0.14 million on Nov 29 ’23. In the deal valued at $28.10 per share,5,000 shares were bought. As a result of this transaction, Foster Christopher A now holds 147,693 shares worth roughly $4.26 million.
Then, LESAR DAVID J bought 37,000 shares, generating $1,003,440 in total proceeds. Upon buying the shares at $27.12, the CEO now owns 37,000 shares.
Before that, Wells Jason P. bought 10,000 shares. Centerpoint Energy Inc. shares valued at $269,050 were divested by the President & COO at a price of $26.91 per share. As a result of the transaction, Wells Jason P. now holds 55,560 shares, worth roughly $1.6 million.
Evercore ISI downgraded its Centerpoint Energy Inc. [CNP] rating to an In-line from a an Outperform in a research note published on January 23, 2024; the price target was increased to $30 from $29. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early October from “a Sector weight” to “an Overweight”. Barclays began covering CNP with “an Underweight” recommendation on August 23, 2023. Mizuho revised its rating on July 28, 2023. It rated CNP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CNP
On Friday, Centerpoint Energy Inc. [NYSE:CNP] saw its stock fall -1.67% to $28.85. Over the last five days, the stock has gained 1.12%. Centerpoint Energy Inc. shares have risen nearly 0.98% since the year began. Nevertheless, the stocks have fallen -4.94% over the past one year. While a 52-week high of $31.43 was reached on 01/10/24, a 52-week low of $25.42 was recorded on 04/16/24. SMA at 50 days reached $28.03, while 200 days put it at $28.18. A total of 3.34 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For CNP Stock
The 24-hour chart illustrates a support level at 28.68, which if violated will result in even more drops to 28.51. On the upside, there is a resistance level at 29.19. A further resistance level may holdings at 29.52. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.77%. Stochastics %K at 89.68% indicates the stock is a selling.
