Public Service Enterprise Group Inc.’s recent filing unveils that its Chair, President and CEO LaRossa Ralph A unloaded Company’s shares for reported $0.1 million on Jun 03 ’24. In the deal valued at $74.99 per share,1,373 shares were sold. As a result of this transaction, LaRossa Ralph A now holds 150,654 shares worth roughly $11.09 million.
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Then, LaRossa Ralph A sold 1,374 shares, generating $95,566 in total proceeds. Upon selling the shares at $69.55, the Chair, President and CEO now owns 150,973 shares.
Before that, Chernick Rose M sold 200 shares. Public Service Enterprise Group Inc. shares valued at $13,156 were divested by the Vice President and Controller at a price of $65.78 per share. As a result of the transaction, Chernick Rose M now holds 34,516 shares, worth roughly $2.54 million.
Guggenheim upgraded its Public Service Enterprise Group Inc. [PEG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Barclays began covering PEG with “an Overweight” recommendation on August 23, 2023. UBS revised its rating on August 14, 2023. It rated PEG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PEG
On Monday, Public Service Enterprise Group Inc. [NYSE:PEG] saw its stock fall -0.09% to $73.63. Over the last five days, the stock has lost -1.50%. Public Service Enterprise Group Inc. shares have risen nearly 20.41% since the year began. Nevertheless, the stocks have risen 19.07% over the past one year. While a 52-week high of $75.82 was reached on 05/31/24, a 52-week low of $53.71 was recorded on 01/24/24. SMA at 50 days reached $72.51, while 200 days put it at $64.37. A total of 3.94 million shares were traded, compared to the trading of 5.94 million shares in the previous session.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 73.11, which if violated will result in even more drops to 72.58. On the upside, there is a resistance level at 74.61. A further resistance level may holdings at 75.58. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.11%. Stochastics%K at 51.09% indicates the stock is a holding.
