Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sempra shares valued at $457,927 were sold by WALL PETER R on Jun 18 ’24. At $75.07 per share, WALL PETER R sold 6,100 shares. The insider’s holdings dropped to 14,751 shares worth approximately $1.11 million following the completion of this transaction.
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Also, MARK RICHARD J purchased 1,925 shares, netting a total of over 150,092 in proceeds. Following the buying of shares at $77.97 each, the insider now holds 5,420 shares.
Before that, BIRD JUSTIN CHRISTOPHER had sold 6,278 shares from its account. In a trade valued at $443,227, the Executive Vice President traded Sempra shares for $70.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,278 shares, worth approximately $1.01 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 -0.75%. Over the course of the year, Sempra shares have jumped approximately 0.50%. 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 $74.00, while a 200-day SMA reached $72.13. Nevertheless, trading volume fell to 2.44 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 74.55, which, if violated, would cause prices to drop to 74.01. In the upper region, resistance lies at 75.49. The next price resistance is at 75.89. RSI (Relative Strength Index) is 47.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 64.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
