Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DTE Energy Co. shares valued at $402,738 were sold by Lauer Trevor F on Jun 05 ’24. At $115.07 per share, Lauer Trevor F sold 3,500 shares. The insider’s holdings dropped to 59,475 shares worth approximately $6.58 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, Muschong Lisa A. sold 1,198 shares, netting a total of over 139,701 in proceeds. Following the sale of shares at $116.61 each, the insider now holds 4,271 shares.
Before that, Stiers Mark W had sold 10,000 shares from its account. In a trade valued at $1,160,000, the Pres & COO-DTE Vantage & Trad. traded DTE Energy Co. shares for $116.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.64 million.
As published in a research note from Guggenheim on January 22, 2024, DTE Energy Co. [DTE] has been rated down from a Buy to a Neutral and the price target has been revised to $111. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid January. As of January 08, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for DTE. Earlier on October 05, 2023, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for DTE stock which previously was a “a Sector weight”.
Analyzing DTE Stock Performance
During the last five days, there has been a drop of approximately -2.79%. Over the course of the year, DTE Energy Co. shares have jumped approximately 0.28%. Shares of the company reached a 52-week high of $117.44 on 05/21/24 and a 52-week low of $102.17 on 01/24/24. A 50-day SMA is recorded $112.09, while a 200-day SMA reached $106.88. Nevertheless, trading volume fell to 0.94 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for DTE Energy Co. (DTE)
According to the 24-hour chart, there is a support level at 109.83, which, if violated, would cause prices to drop to 109.09. In the upper region, resistance lies at 111.05. The next price resistance is at 111.53. RSI (Relative Strength Index) is 40.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.23, which suggests the price will decrease in the coming days. Percent R is at 86.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
