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Recent Insider Activity Suggests Potential Gains for Oge Energy Corp. (OGE)

Oge Energy Corp.’s recently made public that its VP- Corp. Resp.& Stewardship McQuistion Cristina F unloaded Company’s shares for reported $0.14 million on Mar 06 ’24. In the deal valued at $33.92 per share,4,187 shares were sold. As a result of this transaction, McQuistion Cristina F now holds 25,926 shares worth roughly $0.94 million.

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Barclays downgraded its Oge Energy Corp. [OGE] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Barclays began covering OGE with “an Overweight” recommendation on August 23, 2023. Ladenburg Thalmann revised its rating on June 15, 2023. It rated OGE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of OGE

On Tuesday, Oge Energy Corp. [NYSE:OGE] saw its stock jump 0.19% to $36.37. Over the last five days, the stock has gained 1.11%. Oge Energy Corp. shares have risen nearly 4.12% since the year began. Nevertheless, the stocks have fallen -3.71% over the past one year. While a 52-week high of $37.92 was reached on 05/13/24, a 52-week low of $31.25 was recorded on 02/13/24. SMA at 50 days reached $34.21, while 200 days put it at $34.21. A total of 1.24 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For OGE Stock

The 24-hour chart illustrates a support level at 36.26, which if violated will result in even more drops to 36.14. On the upside, there is a resistance level at 36.53. A further resistance level may holdings at 36.69. The Relative Strength Index (RSI) on the 14-day chart is 71.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.83%. Stochastics %K at 92.26% indicates the stock is a selling.

The most recent change occurred on April 20, 2023 when Ladenburg Thalmann began covering the stock and recommended ‘”a Neutral”‘ rating along with a $37 price target.

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