NRG Energy Inc.’s recent filing unveils 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 $22.22 million.
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Then, Patel Rasesh M. sold 49,092 shares, generating $3,072,668 in total proceeds. Upon selling the shares at $62.59, the Exec VP, Smart Home now owns 356,962 shares.
Before that, Killinger Elizabeth R sold 40,000 shares. NRG Energy Inc. shares valued at $2,545,600 were divested by the Exec VP, NRG Home at a price of $63.64 per share. As a result of the transaction, Killinger Elizabeth R now holds 107,123 shares, worth roughly $8.94 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 jump 2.02% to $83.50. Over the last five days, the stock has gained 0.87%. NRG Energy Inc. shares have risen nearly 61.51% since the year began. Nevertheless, the stocks have risen 124.10% over the past one year. While a 52-week high of $87.58 was reached on 05/28/24, a 52-week low of $36.61 was recorded on 01/11/24. SMA at 50 days reached $77.84, while 200 days put it at $65.46.
Levels Of Support And Resistance For NRG Stock
The 24-hour chart illustrates a support level at 82.45, which if violated will result in even more drops to 81.39. On the upside, there is a resistance level at 84.11. A further resistance level may holdings at 84.72. The Relative Strength Index (RSI) on the 14-day chart is 63.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.42%. Stochastics%K at 93.68% indicates the stock is a selling.
How much short interest is there in NRG Energy Inc.?
A steep rise in short interest was recorded in NRG Energy Inc. stocks on 2024-07-31, dropping by -1.7 million shares to a total of 10.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 11.96 million shares. There was a decline of -16.62%, which implies that there is a negative sentiment for the stock.
