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Sempra [SRE] Shares Fall Approximately -8.03% Over the Year

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sempra shares valued at $443,227 were sold by BIRD JUSTIN CHRISTOPHER on Mar 08 ’24. At $70.60 per share, BIRD JUSTIN CHRISTOPHER sold 6,278 shares. The insider’s holdings dropped to 13,434 shares worth approximately $0.97 million following the completion of this transaction.

Also, Sedgwick Karen L sold 3,624 shares, netting a total of over 255,818 in proceeds. Following the sale of shares at $70.59 each, the insider now holds 39,400 shares.

Before that, DAY DIANA L had sold 3,406 shares from its account. In a trade valued at $240,532, the Chief Legal Counsel traded Sempra shares for $70.62 each. Upon closing the transaction, the insider’s holdings decreased to 3,406 shares, worth approximately $1.06 million.

As published in a research note from BMO Capital Markets on January 11, 2024, Sempra [SRE] has been rated up from a Market perform to an Outperform and the price target has been revised to $84 from $76. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of December 12, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for SRE. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for SRE stock.

Analyzing SRE Stock Performance

During the last five days, there has been a drop of approximately -0.12%. Over the course of the year, Sempra shares have dropped approximately -3.72%. Shares of the company reached a 52-week high of $77.06 on 01/08/24 and a 52-week low of $66.40 on 04/16/24. A 50-day SMA is recorded $70.60, while a 200-day SMA reached $71.55. Nevertheless, trading volume fell to 3.09 million shares from 2.31 million shares the previous day.

Support And Resistance Levels for Sempra (SRE)

According to the 24-hour chart, there is a support level at 71.31, which, if violated, would cause prices to drop to 70.67. In the upper region, resistance lies at 72.62. The next price resistance is at 73.30. RSI (Relative Strength Index) is 56.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.70, which suggests the price will increase in the coming days. Percent R is at 11.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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