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 $0.91 million following the completion of this transaction.
As published in a research note from Barclays on April 22, 2024, Oge Energy Corp. [OGE] has been rated down from an Overweight to an Equal weight and the price target has been revised to $34. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of August 23, 2023, Barclays has initiated its “an Overweight” rating for OGE. Earlier on June 15, 2023, Ladenburg Thalmann upgraded its rating. Their new recommendation was “a Buy” for OGE stock which previously was a “a Neutral”.
Analyzing OGE Stock Performance
During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, Oge Energy Corp. shares have jumped approximately 0.34%. 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 $33.72, while a 200-day SMA reached $34.23. Nevertheless, trading volume fell to 2.57 million shares from 2.69 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 34.35, which, if violated, would cause prices to drop to 33.65. In the upper region, resistance lies at 35.58. The next price resistance is at 36.11. RSI (Relative Strength Index) is 62.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 11.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
