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Examining the Potential Price Growth of Duke Energy Corp. (DUK)

Duke Energy Corp.’s recently made public that its Chair & CEO GOOD LYNN J unloaded Company’s shares for reported $1.55 million on May 15 ’24. In the deal valued at $103.30 per share,15,000 shares were sold. As a result of this transaction, GOOD LYNN J now holds 437,464 shares worth roughly $44.85 million.

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Then, MCKEE E MARIE sold 1,695 shares, generating $173,415 in total proceeds. Upon selling the shares at $102.31, the Director now owns 4 shares.

Before that, JANSON JULIA S sold 10,000 shares. Duke Energy Corp. shares valued at $1,027,908 were divested by the EVP ExtAffairs&PresCarolinas at a price of $102.79 per share. As a result of the transaction, JANSON JULIA S now holds 68,657 shares, worth roughly $7.04 million.

BofA Securities downgraded its Duke Energy Corp. [DUK] rating to a Neutral from a a Buy in a research note published on February 12, 2024; the price target was decreased to $96 from $105. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late January from “an In-line” to “an Outperform”. RBC Capital Mkts also remained covering DUK and has increased its forecast on January 10, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Wells Fargo revised its rating on November 30, 2023. It rated DUK as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of DUK

On Monday, Duke Energy Corp. [NYSE:DUK] saw its stock fall -0.10% to $102.52. Over the last five days, the stock has lost -0.86%. Duke Energy Corp. shares have risen nearly 5.65% since the year began. Nevertheless, the stocks have risen 11.43% over the past one year. While a 52-week high of $104.87 was reached on 06/04/24, a 52-week low of $83.06 was recorded on 03/01/24. SMA at 50 days reached $99.82, while 200 days put it at $94.40. A total of 1.84 million shares were traded, compared to the trading of 1.89 million shares in the previous session.

Levels Of Support And Resistance For DUK Stock

The 24-hour chart illustrates a support level at 101.97, which if violated will result in even more drops to 101.41. On the upside, there is a resistance level at 103.03. A further resistance level may holdings at 103.53. The Relative Strength Index (RSI) on the 14-day chart is 53.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.45%. Stochastics %K at 54.58% indicates the stock is a holding.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $96 price target.

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