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Analyzing Centerpoint Energy Inc. (CNP) After Recent Trading Activity

Centerpoint Energy Inc.’s recent filing unveils that its Director Smitherman Barry T unloaded Company’s shares for reported $0.17 million on May 03 ’24. In the deal valued at $29.42 per share,5,670 shares were sold. As a result of this transaction, Smitherman Barry T now holds 21,203 shares worth roughly $0.63 million.

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Then, Foster Christopher A bought 5,000 shares, generating $140,496 in total proceeds. Upon buying the shares at $28.10, the EVP and CFO now owns 147,693 shares.

Before that, LESAR DAVID J bought 37,000 shares. Centerpoint Energy Inc. shares valued at $1,003,440 were divested by the CEO at a price of $27.12 per share. As a result of the transaction, LESAR DAVID J now holds 37,000 shares, worth roughly $1.1 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 -0.30% to $29.70. Over the last five days, the stock has gained 0.85%. Centerpoint Energy Inc. shares have risen nearly 3.96% since the year began. Nevertheless, the stocks have fallen -1.92% over the past one year. While a 52-week high of $31.43 was reached on 05/10/24, a 52-week low of $25.42 was recorded on 04/16/24. SMA at 50 days reached $28.37, while 200 days put it at $28.13. A total of 10.14 million shares were traded, compared to the trading of 4.57 million shares in the previous session.

Levels Of Support And Resistance For CNP Stock

The 24-hour chart illustrates a support level at 29.57, which if violated will result in even more drops to 29.45. On the upside, there is a resistance level at 29.85. A further resistance level may holdings at 30.01. The Relative Strength Index (RSI) on the 14-day chart is 64.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.76%. Stochastics %K at 90.50% indicates the stock is a selling.

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