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Sempra [SRE] Insider Activity: An Update for Investors

Sempra’s filing revealed that its Executive Vice President BIRD JUSTIN CHRISTOPHER unloaded Company’s shares for reported $0.44 million on Mar 08 ’24. In the deal valued at $70.60 per share,6,278 shares were sold. As a result of this transaction, BIRD JUSTIN CHRISTOPHER now holds 13,434 shares worth roughly $1.04 million.

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Then, Sedgwick Karen L sold 3,624 shares, generating $255,818 in total proceeds. Upon selling the shares at $70.59, the Executive VP and CFO now owns 39,400 shares.

Before that, DAY DIANA L sold 3,406 shares. Sempra shares valued at $240,532 were divested by the Chief Legal Counsel at a price of $70.62 per share. As a result of the transaction, DAY DIANA L now holds 14,739 shares, worth roughly $1.14 million.

BMO Capital Markets upgraded its Sempra [SRE] rating to an Outperform from a a Market perform in a research note published on January 11, 2024; the price target was increased to $84 from $76. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. JP Morgan also remained covering SRE and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays started covering the stock on August 23, 2023. It rated SRE as “an Overweight”.

Price Performance Review of SRE

On Friday, Sempra [NYSE:SRE] saw its stock jump 1.33% to $77.18. Over the last five days, the stock has gained 5.84%. Sempra shares have risen nearly 3.28% since the year began. Nevertheless, the stocks have fallen -0.79% over the past one year. While a 52-week high of $78.70 was reached on 05/10/24, a 52-week low of $63.75 was recorded on 04/16/24. SMA at 50 days reached $71.06, while 200 days put it at $71.54. A total of 7.37 million shares were traded, compared to the trading of 3.38 million shares in the previous session.

Levels Of Support And Resistance For SRE Stock

The 24-hour chart illustrates a support level at 76.26, which if violated will result in even more drops to 75.35. On the upside, there is a resistance level at 77.73. A further resistance level may holdings at 78.29. The Relative Strength Index (RSI) on the 14-day chart is 74.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.77%. Stochastics %K at 98.05% indicates the stock is a selling.

The most recent change occurred on June 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $178 price target.

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