Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Portland General Electric Co shares valued at $50,878 were sold by Kochavatr John Teeruk on Aug 07 ’24. At $46.25 per share, Kochavatr John Teeruk sold 1,100 shares. The insider’s holdings dropped to 22,606 shares worth approximately $1.05 million following the completion of this transaction.
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Also, Kochavatr John Teeruk purchased 1,100 shares, netting a total of over 50,878 in proceeds.
Before that, Trpik Joseph R JR had sold 2,727 shares from its account. In a trade valued at $129,587, the SVP, Finance CFO traded Portland General Electric Co shares for $47.52 each. Upon closing the transaction, the insider’s holdings decreased to 2,727 shares, worth approximately $1.29 million.
As published in a research note from KeyBanc Capital Markets on July 22, 2024, Portland General Electric Co [POR] has been rated up from a Sector weight to an Overweight. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 29, 2024, UBS has increased its “Neutral” rating to a “Buy” for POR. Earlier on December 11, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for POR stock which previously was a “an Equal weight”.
Analyzing POR Stock Performance
During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Portland General Electric Co shares have jumped approximately 7.04%. Shares of the company reached a 52-week high of $48.62 on 08/02/24 and a 52-week low of $39.13 on 02/08/24. A 50-day SMA is recorded $44.74, while a 200-day SMA reached $42.67. Nevertheless, trading volume fell to 0.66 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Portland General Electric Co (POR)
According to the 24-hour chart, there is a support level at 46.26, which, if violated, would cause prices to drop to 46.12. In the upper region, resistance lies at 46.64. The next price resistance is at 46.88. RSI (Relative Strength Index) is 52.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 81.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
