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Recent Insider Activity Could Benefit Eversource Energy (ES)

In a filing, Eversource Energy revealed its Trustee FORRY LINDA DORCENA unloaded Company’s shares for reported $47775.0 on Mar 01 ’24. In the deal valued at $58.12 per share,822 shares were sold. As a result of this transaction, FORRY LINDA DORCENA now holds 10,485 shares worth roughly $0.65 million.

Then, Williams Frederica M sold 2,714 shares, generating $156,337 in total proceeds. Upon selling the shares at $57.60, the Trustee now owns 21,621 shares.

Before that, VAN FAASEN WILLIAM C sold 2,714 shares. Eversource Energy shares valued at $147,913 were divested by the Trustee at a price of $54.50 per share. As a result of the transaction, VAN FAASEN WILLIAM C now holds 19,619 shares, worth roughly $1.21 million.

Goldman initiated its Eversource Energy [ES] rating to a Buy in a research note published on April 10, 2024; the price target was $73. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Mizuho also remained covering ES and has increased its forecast on February 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. Guggenheim revised its rating on January 22, 2024. It rated ES as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ES

On Friday, Eversource Energy [NYSE:ES] saw its stock jump 0.26% to $61.92. Over the last five days, the stock has gained 3.18%. Eversource Energy shares have risen nearly 0.32% since the year began. Nevertheless, the stocks have fallen -19.56% over the past one year. While a 52-week high of $77.53 was reached on 01/03/24, a 52-week low of $52.03 was recorded on 01/23/24. SMA at 50 days reached $59.40, while 200 days put it at $59.52. A total of 1.64 million shares were traded, compared to the trading of 1.38 million shares in the previous session.

Levels Of Support And Resistance For ES Stock

The 24-hour chart illustrates a support level at 61.47, which if violated will result in even more drops to 61.02. On the upside, there is a resistance level at 62.31. A further resistance level may holdings at 62.70. The Relative Strength Index (RSI) on the 14-day chart is 60.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.41%. Stochastics %K at 61.60% indicates the stock is a holding.

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