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Duke Energy Corp. [NYSE: DUK] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Duke Energy Corp. shares valued at $1,549,500 were sold by GOOD LYNN J on May 15 ’24. At $103.30 per share, GOOD LYNN J sold 15,000 shares. The insider’s holdings dropped to 437,464 shares worth approximately $43.66 million following the completion of this transaction.

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Also, MCKEE E MARIE sold 1,695 shares, netting a total of over 173,415 in proceeds. Following the sale of shares at $102.31 each, the insider now holds 4 shares.

Before that, JANSON JULIA S had sold 10,000 shares from its account. In a trade valued at $1,027,908, the EVP ExtAffairs&PresCarolinas traded Duke Energy Corp. shares for $102.79 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.85 million.

As published in a research note from BofA Securities on February 12, 2024, Duke Energy Corp. [DUK] has been rated down from a Buy to a Neutral and the price target has been revised to $96 from $105. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 10, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for DUK. Earlier on November 30, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for DUK stock which previously was a “an Equal weight”.

Analyzing DUK Stock Performance

During the last five days, there has been a drop of approximately -0.15%. Over the course of the year, Duke Energy Corp. shares have jumped approximately 2.84%. Shares of the company reached a 52-week high of $104.87 on 06/04/24 and a 52-week low of $90.09 on 03/01/24. A 50-day SMA is recorded $101.34, while a 200-day SMA reached $95.20. Nevertheless, trading volume fell to 1.07 million shares from 1.86 million shares the previous day.

Support And Resistance Levels for Duke Energy Corp. (DUK)

According to the 24-hour chart, there is a support level at 99.23, which, if violated, would cause prices to drop to 98.62. In the upper region, resistance lies at 100.76. The next price resistance is at 101.68. RSI (Relative Strength Index) is 44.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 80.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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