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PPL Corp [PPL] Henninger Tadd J sells 13,330 Shares for $0.35 million

In a filing, PPL Corp revealed its SVP-Finance and Treasurer Henninger Tadd J unloaded Company’s shares for reported $0.35 million on Nov 16 ’23. In the deal valued at $25.99 per share,13,330 shares were sold. As a result of this transaction, Henninger Tadd J now holds 4,784 shares worth roughly $0.14 million.

Argus upgraded its PPL Corp [PPL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Barclays began covering PPL with “an Equal weight” recommendation on August 23, 2023. Morgan Stanley revised its rating on December 15, 2022. It rated PPL as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of PPL

On Monday, PPL Corp [NYSE:PPL] saw its stock jump 0.10% to $29.17. Over the last five days, the stock has gained 3.84%. PPL Corp shares have risen nearly 7.64% since the year began. Nevertheless, the stocks have risen 2.75% over the past one year. While a 52-week high of $29.32 was reached on 05/13/24, a 52-week low of $22.20 was recorded on 02/08/24. SMA at 50 days reached $27.29, while 200 days put it at $26.09. A total of 4.84 million shares were traded, compared to the trading of 7.0 million shares in the previous session.

Levels Of Support And Resistance For PPL Stock

The 24-hour chart illustrates a support level at 29.03, which if violated will result in even more drops to 28.90. On the upside, there is a resistance level at 29.34. A further resistance level may holdings at 29.52. The Relative Strength Index (RSI) on the 14-day chart is 74.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.07%. Stochastics %K at 94.32% indicates the stock is a selling.

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