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The Attractiveness of Investing In Portland General Electric Co (POR) is Growing

In a filing, Portland General Electric Co revealed its President and CEO POPE MARIA M unloaded Company’s shares for reported $2.0 million on May 10 ’24. In the deal valued at $44.75 per share,44,593 shares were sold. As a result of this transaction, POPE MARIA M now holds 157,829 shares worth roughly $7.07 million.

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Then, Espinosa Maria Angelica sold 2,000 shares, generating $88,602 in total proceeds. Upon selling the shares at $44.30, the SVP, Chief Legal & Compliance now owns 16,763 shares.

Before that, Felton Benjamin sold 3,500 shares. Portland General Electric Co shares valued at $142,100 were divested by the EVP, COO at a price of $40.60 per share. As a result of the transaction, Felton Benjamin now holds 31,950 shares, worth roughly $1.43 million.

BofA Securities downgraded its Portland General Electric Co [POR] rating to a Neutral from a a Buy in a research note published on February 05, 2024; the price target was decreased to $43 from $55. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Barclays also remained covering POR and has increased its forecast on December 11, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Ladenburg Thalmann started covering the stock on November 09, 2023. It rated POR as “a Buy”.

Price Performance Review of POR

On Monday, Portland General Electric Co [NYSE:POR] saw its stock jump 0.49% to $44.77. Over the last five days, the stock has gained 1.06%. Portland General Electric Co shares have risen nearly 3.30% since the year began. Nevertheless, the stocks have fallen -11.68% over the past one year. While a 52-week high of $51.39 was reached on 05/13/24, a 52-week low of $38.01 was recorded on 02/08/24. SMA at 50 days reached $42.06, while 200 days put it at $42.25. A total of 0.82 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For POR Stock

The 24-hour chart illustrates a support level at 44.52, which if violated will result in even more drops to 44.28. On the upside, there is a resistance level at 45.06. A further resistance level may holdings at 45.36. The Relative Strength Index (RSI) on the 14-day chart is 66.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.71%. Stochastics %K at 88.51% indicates the stock is a selling.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $43 price target.

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