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VP of Cust Op & CSO (IPC) Hanchey James Bo D sold 1,500 shares of Idacorp, Inc. [IDA]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Idacorp, Inc. shares valued at $142,632 were sold by Hanchey James Bo D on May 23 ’24. At $95.09 per share, Hanchey James Bo D sold 1,500 shares. The insider’s holdings dropped to 1,650 shares worth approximately $0.15 million following the completion of this transaction.

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Also, Malmen Jeffrey L sold 1,463 shares, netting a total of over 143,607 in proceeds. Following the sale of shares at $98.16 each, the insider now holds 15,734 shares.

As published in their initiating research note from Morgan Stanley on March 13, 2024, Idacorp, Inc. [IDA] has been an Equal-weight and the price target has been revised to $92. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of October 27, 2023, Guggenheim has initiated its “Buy” rating for IDA. Earlier on October 23, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for IDA stock.

Analyzing IDA Stock Performance

During the last five days, there has been a surge of approximately 0.25%. Over the course of the year, Idacorp, Inc. shares have dropped approximately -6.11%. Shares of the company reached a 52-week high of $99.75 on 01/05/24 and a 52-week low of $86.43 on 02/14/24. A 50-day SMA is recorded $94.43, while a 200-day SMA reached $94.20. Nevertheless, trading volume fell to 0.1 million shares from 0.17 million shares the previous day.

Support And Resistance Levels for Idacorp, Inc. (IDA)

According to the 24-hour chart, there is a support level at 91.89, which, if violated, would cause prices to drop to 91.48. In the upper region, resistance lies at 93.02. The next price resistance is at 93.74. RSI (Relative Strength Index) is 46.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 47.08%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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