NRG Energy Inc.’s recently made public that its President, NRG Consumer Patel Rasesh M. unloaded Company’s shares for reported $2.05 million on May 17 ’24. In the deal valued at $83.41 per share,24,546 shares were sold. As a result of this transaction, Patel Rasesh M. now holds 266,064 shares worth roughly $18.62 million.
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Then, Killinger Elizabeth R sold 40,000 shares, generating $2,545,600 in total proceeds. Upon selling the shares at $63.64, the Exec VP, NRG Home now owns 107,123 shares.
Before that, Patel Rasesh M. sold 49,092 shares. NRG Energy Inc. shares valued at $3,072,668 were divested by the Exec VP, Smart Home at a price of $62.59 per share. As a result of the transaction, Patel Rasesh M. now holds 356,962 shares, worth roughly $24.99 million.
Wells Fargo initiated its NRG Energy Inc. [NRG] rating to an Overweight in a research note published on January 23, 2024; the price target was $65. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early November from “a Sell” to “a Neutral”. Guggenheim also remained covering NRG and has increased its forecast on November 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on March 20, 2023. It rated NRG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NRG
On Friday, NRG Energy Inc. [NYSE:NRG] saw its stock fall -4.76% to $70.00. Over the last five days, the stock has lost -5.03%. NRG Energy Inc. shares have risen nearly 35.40% since the year began. Nevertheless, the stocks have risen 87.32% over the past one year. While a 52-week high of $87.58 was reached on 05/28/24, a 52-week low of $35.97 was recorded on 01/11/24. SMA at 50 days reached $78.31, while 200 days put it at $62.69. A total of 4.47 million shares were traded, compared to the trading of 2.34 million shares in the previous session.
Levels Of Support And Resistance For NRG Stock
The 24-hour chart illustrates a support level at 68.34, which if violated will result in even more drops to 66.69. On the upside, there is a resistance level at 72.49. A further resistance level may holdings at 74.99. The Relative Strength Index (RSI) on the 14-day chart is 35.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.17%. Stochastics%K at 22.90% indicates the stock is a holding.
