Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Public Service Enterprise Group Inc. shares valued at $95,566 were sold by LaRossa Ralph A on May 01 ’24. At $69.55 per share, LaRossa Ralph A sold 1,374 shares. The insider’s holdings dropped to 150,973 shares worth approximately $11.1 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Chernick Rose M sold 200 shares, netting a total of over 13,156 in proceeds. Following the sale of shares at $65.78 each, the insider now holds 34,516 shares.
Before that, LaRossa Ralph A had sold 1,374 shares from its account. In a trade valued at $91,192, the Chair, President and CEO traded Public Service Enterprise Group Inc. shares for $66.37 each. Upon closing the transaction, the insider’s holdings decreased to 1,374 shares, worth approximately $11.21 million.
As published in a research note from Guggenheim on January 22, 2024, Public Service Enterprise Group Inc. [PEG] has been rated down from a Buy to a Neutral and the price target has been revised to $61. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of August 14, 2023, UBS has decreased its “Buy” rating to a “Neutral” for PEG. Earlier on June 20, 2023, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for PEG stock which previously was a “a Buy”.
Analyzing PEG Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, Public Service Enterprise Group Inc. shares have jumped approximately 20.28%. Shares of the company reached a 52-week high of $75.17 on 05/21/24 and a 52-week low of $56.85 on 01/24/24. A 50-day SMA is recorded $68.38, while a 200-day SMA reached $62.72. Nevertheless, trading volume fell to 2.14 million shares from 2.52 million shares the previous day.
Support And Resistance Levels for Public Service Enterprise Group Inc. (PEG)
According to the 24-hour chart, there is a support level at 73.13, which, if violated, would cause prices to drop to 72.70. In the upper region, resistance lies at 74.15. The next price resistance is at 74.74. RSI (Relative Strength Index) is 64.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 33.13%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
