Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Portland General Electric Co shares valued at $88,602 were sold by Espinosa Maria Angelica on May 07 ’24. At $44.30 per share, Espinosa Maria Angelica sold 2,000 shares. The insider’s holdings dropped to 16,763 shares worth approximately $0.75 million following the completion of this transaction.
Also, Felton Benjamin sold 3,500 shares, netting a total of over 142,100 in proceeds. Following the sale of shares at $40.60 each, the insider now holds 31,950 shares.
Before that, Bekkedahl Larry Neal had sold 2,027 shares from its account. In a trade valued at $81,607, the Sr. Vice President traded Portland General Electric Co shares for $40.26 each. Upon closing the transaction, the insider’s holdings decreased to 2,027 shares, worth approximately $1.28 million.
As published in a research note from BofA Securities on February 05, 2024, Portland General Electric Co [POR] has been rated down from a Buy to a Neutral and the price target has been revised to $43 from $55. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of December 11, 2023, Barclays has increased its “an Equal weight” rating to a “an Overweight” for POR. Earlier on November 09, 2023, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for POR stock.
Analyzing POR Stock Performance
During the last five days, there has been a surge of approximately 2.71%. Over the course of the year, Portland General Electric Co shares have jumped approximately 3.05%. Shares of the company reached a 52-week high of $44.77 on 01/05/24 and a 52-week low of $39.13 on 02/08/24. A 50-day SMA is recorded $41.88, while a 200-day SMA reached $42.28. Nevertheless, trading volume fell to 1.05 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Portland General Electric Co (POR)
According to the 24-hour chart, there is a support level at 44.14, which, if violated, would cause prices to drop to 43.62. In the upper region, resistance lies at 44.94. The next price resistance is at 45.22. RSI (Relative Strength Index) is 66.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 4.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
