Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NRG Energy Inc. shares valued at $2,047,382 were sold by Patel Rasesh M. on May 17 ’24. At $83.41 per share, Patel Rasesh M. sold 24,546 shares. The insider’s holdings dropped to 266,064 shares worth approximately $19.74 million following the completion of this transaction.
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Also, Killinger Elizabeth R sold 40,000 shares, netting a total of over 2,545,600 in proceeds. Following the sale of shares at $63.64 each, the insider now holds 107,123 shares.
Before that, Patel Rasesh M. had sold 49,092 shares from its account. In a trade valued at $3,072,668, the Exec VP, Smart Home traded NRG Energy Inc. shares for $62.59 each. Upon closing the transaction, the insider’s holdings decreased to 49,092 shares, worth approximately $26.48 million.
As published in their initiating research note from Wells Fargo on January 23, 2024, NRG Energy Inc. [NRG] has been an Overweight and the price target has been revised to $65. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 01, 2023, Guggenheim has increased its “Neutral” rating to a “Buy” for NRG. Earlier on March 20, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for NRG stock which previously was a “a Neutral”.
Analyzing NRG Stock Performance
During the last five days, there has been a surge of approximately 2.27%. Over the course of the year, NRG Energy Inc. shares have jumped approximately 43.50%. Shares of the company reached a 52-week high of $87.58 on 05/28/24 and a 52-week low of $50.23 on 01/11/24. A 50-day SMA is recorded $79.62, while a 200-day SMA reached $61.54. Nevertheless, trading volume fell to 2.45 million shares from 3.09 million shares the previous day.
Support And Resistance Levels for NRG Energy Inc. (NRG)
According to the 24-hour chart, there is a support level at 73.23, which, if violated, would cause prices to drop to 72.28. In the upper region, resistance lies at 75.95. The next price resistance is at 77.72. RSI (Relative Strength Index) is 41.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 73.92%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
