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Firstenergy Corp. [FE] Records 200-Day SMA of $37.17

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. Firstenergy Corp. shares valued at $469,781 were sold by Walker Christine on Nov 27 ’23. At $37.58 per share, Walker Christine sold 12,500 shares. The insider’s holdings dropped to 36,959 shares worth approximately $1.45 million following the completion of this transaction.

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As published in their initiating research note from Goldman on April 10, 2024, Firstenergy Corp. [FE] has been a Buy and the price target has been revised to $45. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late August. As of August 07, 2023, UBS has decreased its “Buy” rating to a “Neutral” for FE. Earlier on January 23, 2023, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for FE stock which previously was a “a Neutral”.

Analyzing FE Stock Performance

During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Firstenergy Corp. shares have jumped approximately 6.66%. Shares of the company reached a 52-week high of $40.65 on 05/15/24 and a 52-week low of $35.41 on 02/08/24. A 50-day SMA is recorded $38.85, while a 200-day SMA reached $37.17. Nevertheless, trading volume fell to 2.4 million shares from 1.95 million shares the previous day.

Support And Resistance Levels for Firstenergy Corp. (FE)

According to the 24-hour chart, there is a support level at 38.86, which, if violated, would cause prices to drop to 38.62. In the upper region, resistance lies at 39.51. The next price resistance is at 39.91. RSI (Relative Strength Index) is 47.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 65.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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