Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sempra shares valued at $150,092 were purchased by MARK RICHARD J on May 17 ’24. At $77.97 per share, MARK RICHARD J acquired 1,925 shares. The insider’s holdings grew to 5,420 shares worth approximately $0.41 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, BIRD JUSTIN CHRISTOPHER sold 6,278 shares, netting a total of over 443,227 in proceeds. Following the sale of shares at $70.60 each, the insider now holds 13,434 shares.
Before that, Sedgwick Karen L had sold 3,624 shares from its account. In a trade valued at $255,818, the Executive VP and CFO traded Sempra shares for $70.59 each. Upon closing the transaction, the insider’s holdings decreased to 3,624 shares, worth approximately $2.98 million.
As published in a research note from BMO Capital Markets on January 11, 2024, Sempra [SRE] has been rated up from a Market perform to an Outperform and the price target has been revised to $84 from $76. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of December 12, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for SRE. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for SRE stock.
Analyzing SRE Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, Sempra shares have jumped approximately 1.23%. Shares of the company reached a 52-week high of $78.83 on 05/21/24 and a 52-week low of $66.40 on 04/16/24. A 50-day SMA is recorded $73.62, while a 200-day SMA reached $72.04. Nevertheless, trading volume fell to 2.5 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 75.08, which, if violated, would cause prices to drop to 74.51. In the upper region, resistance lies at 76.43. The next price resistance is at 77.21. RSI (Relative Strength Index) is 51.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 50.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
