In a filing, Portland General Electric Co revealed its EVP, COO Felton Benjamin unloaded Company’s shares for reported $90528.0 on Jul 24 ’24. In the deal valued at $48.00 per share,1,886 shares were sold. As a result of this transaction, Felton Benjamin now holds 30,142 shares worth roughly $1.43 million.
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Then, Sims Brett Michael sold 963 shares, generating $43,364 in total proceeds. Upon selling the shares at $45.03, the Vice President now owns 13,996 shares.
Before that, POPE MARIA M sold 44,593 shares. Portland General Electric Co shares valued at $1,995,537 were divested by the President and CEO at a price of $44.75 per share. As a result of the transaction, POPE MARIA M now holds 157,829 shares, worth roughly $7.48 million.
KeyBanc Capital Markets upgraded its Portland General Electric Co [POR] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. UBS also remained covering POR and has increased its forecast on January 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. Barclays revised its rating on December 11, 2023. It rated POR as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of POR
On Friday, Portland General Electric Co [NYSE:POR] saw its stock fall -0.94% to $47.42. Over the last five days, the stock has gained 2.31%. Portland General Electric Co shares have risen nearly 9.41% since the year began. Nevertheless, the stocks have fallen -3.20% over the past one year. While a 52-week high of $49.72 was reached on 07/25/24, a 52-week low of $38.01 was recorded on 02/08/24. SMA at 50 days reached $44.08, while 200 days put it at $42.29. A total of 1.33 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 46.82, which if violated will result in even more drops to 46.23. On the upside, there is a resistance level at 48.19. A further resistance level may holdings at 48.96. The Relative Strength Index (RSI) on the 14-day chart is 70.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.44%. Stochastics%K at 86.64% indicates the stock is a selling.
The most recent change occurred on November 09, 2023 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $43 price target.
