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OGE stock rated a Hold by Argus

In a filing, Oge Energy Corp. revealed its VP- Corp. Resp.& Stewardship McQuistion Cristina F unloaded Company’s shares for reported $0.14 million on Mar 06 ’24. In the deal valued at $33.92 per share,4,187 shares were sold. As a result of this transaction, McQuistion Cristina F now holds 25,926 shares worth roughly $0.92 million.

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Argus downgraded its Oge Energy Corp. [OGE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal weight”. Ladenburg Thalmann also remained covering OGE and has decreased its forecast on January 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated OGE as “an Overweight”.

Price Performance Review of OGE

On Tuesday, Oge Energy Corp. [NYSE:OGE] saw its stock jump 0.14% to $35.55. Over the last five days, the stock has lost -2.74%. Oge Energy Corp. shares have risen nearly 1.77% since the year began. Nevertheless, the stocks have fallen -1.93% over the past one year. While a 52-week high of $37.30 was reached on 05/21/24, a 52-week low of $31.25 was recorded on 02/13/24. SMA at 50 days reached $35.06, while 200 days put it at $34.36. A total of 1.28 million shares were traded, compared to the trading of 0.66 million shares in the previous session.

Levels Of Support And Resistance For OGE Stock

The 24-hour chart illustrates a support level at 35.21, which if violated will result in even more drops to 34.87. On the upside, there is a resistance level at 35.80. A further resistance level may holdings at 36.05. The Relative Strength Index (RSI) on the 14-day chart is 48.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.61%. Stochastics %K at 42.45% indicates the stock is a holding.

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