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Portland General Electric Co (POR) Becoming More Attractive for Investors

Portland General Electric Co’s recently made public that its Vice President Sims Brett Michael unloaded Company’s shares for reported $43364.0 on May 22 ’24. In the deal valued at $45.03 per share,963 shares were sold. As a result of this transaction, Sims Brett Michael now holds 13,996 shares worth roughly $0.6 million.

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Then, POPE MARIA M sold 44,593 shares, generating $1,995,537 in total proceeds. Upon selling the shares at $44.75, the President and CEO now owns 157,829 shares.

Before that, Espinosa Maria Angelica sold 2,000 shares. Portland General Electric Co shares valued at $88,602 were divested by the SVP, Chief Legal & Compliance at a price of $44.30 per share. As a result of the transaction, Espinosa Maria Angelica now holds 16,763 shares, worth roughly $0.72 million.

BofA Securities downgraded its Portland General Electric Co [POR] rating to a Neutral from a a Buy in a research note published on February 05, 2024; the price target was decreased to $43 from $55. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Barclays also remained covering POR and has increased its forecast on December 11, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Ladenburg Thalmann started covering the stock on November 09, 2023. It rated POR as “a Buy”.

Price Performance Review of POR

On Monday, Portland General Electric Co [NYSE:POR] saw its stock fall -0.51% to $43.02. Over the last five days, the stock has gained 0.82%. Portland General Electric Co shares have fallen nearly -0.74% since the year began. Nevertheless, the stocks have fallen -7.16% over the past one year. While a 52-week high of $49.72 was reached on 05/17/24, a 52-week low of $38.01 was recorded on 02/08/24. SMA at 50 days reached $43.59, while 200 days put it at $42.00. A total of 1.04 million shares were traded, compared to the trading of 2.23 million shares in the previous session.

Levels Of Support And Resistance For POR Stock

The 24-hour chart illustrates a support level at 42.61, which if violated will result in even more drops to 42.19. On the upside, there is a resistance level at 43.56. A further resistance level may holdings at 44.09. The Relative Strength Index (RSI) on the 14-day chart is 49.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.26%. Stochastics%K at 70.29% indicates the stock is a holding.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $43 price target.

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