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Taking a Closer Look At Eversource Energy (ES) Following Its Recent Trade

In a filing, Eversource Energy revealed its EVP-Cust Exp & Energy Strategy Conner Penelope M unloaded Company’s shares for reported $0.16 million on May 31 ’24. In the deal valued at $58.75 per share,2,700 shares were sold. As a result of this transaction, Conner Penelope M now holds 10,272 shares worth roughly $0.58 million.

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Then, BUTLER GREGORY B sold 10,000 shares, generating $562,010 in total proceeds. Upon selling the shares at $56.20, the Executive VP & General Counsel now owns 63,808 shares.

Before that, FORRY LINDA DORCENA sold 822 shares. Eversource Energy shares valued at $47,775 were divested by the Trustee at a price of $58.12 per share. As a result of the transaction, FORRY LINDA DORCENA now holds 10,485 shares, worth roughly $0.59 million.

BofA Securities upgraded its Eversource Energy [ES] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. UBS also remained covering ES and has increased its forecast on April 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on February 15, 2024. It rated ES as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ES

On Monday, Eversource Energy [NYSE:ES] saw its stock fall -0.26% to $56.56. Over the last five days, the stock has lost -2.48%. Eversource Energy shares have fallen nearly -8.36% since the year began. Nevertheless, the stocks have fallen -18.88% over the past one year. While a 52-week high of $74.81 was reached on 01/03/24, a 52-week low of $52.03 was recorded on 01/23/24. SMA at 50 days reached $59.36, while 200 days put it at $58.37. A total of 1.98 million shares were traded, compared to the trading of 3.22 million shares in the previous session.

Levels Of Support And Resistance For ES Stock

The 24-hour chart illustrates a support level at 56.12, which if violated will result in even more drops to 55.69. On the upside, there is a resistance level at 57.19. A further resistance level may holdings at 57.83. The Relative Strength Index (RSI) on the 14-day chart is 38.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.97%. Stochastics%K at 13.71% indicates the stock is a buying.

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