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Entergy Corp. [ETR] Investment Appeal on the Rise

Entergy Corp.’s recently made public that its “Officer” Under Sec. 16 Rules FISACKERLY HALEY unloaded Company’s shares for reported $0.17 million on May 08 ’24. In the deal valued at $110.23 per share,1,500 shares were sold. As a result of this transaction, FISACKERLY HALEY now holds 2,479 shares worth roughly $0.27 million.

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Then, JACKSON REGINALD T sold 9,229 shares, generating $1,003,268 in total proceeds. Upon selling the shares at $108.71, the SVP & Chief Accounting Officer now owns 2,166 shares.

Before that, Brown Marcus V sold 8,500 shares. Entergy Corp. shares valued at $874,140 were divested by the EVP & General Counsel at a price of $102.84 per share. As a result of the transaction, Brown Marcus V now holds 9,911 shares, worth roughly $1.07 million.

BofA Securities upgraded its Entergy Corp. [ETR] rating to a Buy from a a Neutral in a research note published on November 21, 2023; the price target was increased to $110 from $94. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Sector perform”. UBS also remained covering ETR and has increased its forecast on November 06, 2023 with a “Buy” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on October 05, 2023. It rated ETR as “an Overweight” which previously was an “a Sector weight”.

Price Performance Review of ETR

On Monday, Entergy Corp. [NYSE:ETR] saw its stock fall -0.38% to $108.06. Over the last five days, the stock has lost -3.33%. Entergy Corp. shares have risen nearly 6.79% since the year began. Nevertheless, the stocks have risen 6.46% over the past one year. While a 52-week high of $114.28 was reached on 05/21/24, a 52-week low of $87.10 was recorded on 02/13/24. SMA at 50 days reached $108.07, while 200 days put it at $101.12. A total of 2.09 million shares were traded, compared to the trading of 1.95 million shares in the previous session.

Levels Of Support And Resistance For ETR Stock

The 24-hour chart illustrates a support level at 107.37, which if violated will result in even more drops to 106.68. On the upside, there is a resistance level at 108.58. A further resistance level may holdings at 109.10. The Relative Strength Index (RSI) on the 14-day chart is 44.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.65%. Stochastics %K at 31.50% indicates the stock is a holding.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $98 price target.

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