The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dominion Energy Inc shares valued at $99,998 were purchased by RIGBY JOSEPH M on Mar 06 ’24. At $46.94 per share, RIGBY JOSEPH M acquired 2,130 shares. The insider’s holdings grew to 8,417 shares worth approximately $0.45 million following the completion of this transaction.
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Also, BLUE ROBERT M purchased 21,735 shares, netting a total of over 997,891 in proceeds. Following the buying of shares at $45.91 each, the insider now holds 176,240 shares.
Before that, Leopold Diane had sold 6,250 shares from its account. In a trade valued at $284,453, the Exec. Vice President and COO traded Dominion Energy Inc shares for $45.51 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $4.71 million.
As published in a research note from BofA Securities on May 10, 2024, Dominion Energy Inc [D] has been rated up from an Underperform to a Neutral and the price target has been revised to $54 from $43. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid March. As of November 06, 2023, Barclays has increased its “an Equal weight” rating to a “an Overweight” for D. Earlier on October 16, 2023, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for D stock which previously was a “a Sector outperform”.
Analyzing D Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Dominion Energy Inc shares have jumped approximately 13.83%. Shares of the company reached a 52-week high of $54.23 on 05/21/24 and a 52-week low of $43.53 on 02/13/24. A 50-day SMA is recorded $50.14, while a 200-day SMA reached $47.04. Nevertheless, trading volume fell to 4.2 million shares from 3.39 million shares the previous day.
Support And Resistance Levels for Dominion Energy Inc (D)
According to the 24-hour chart, there is a support level at 53.30, which, if violated, would cause prices to drop to 53.11. In the upper region, resistance lies at 53.80. The next price resistance is at 54.11. RSI (Relative Strength Index) is 68.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 20.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
