Eversource Energy’s filing revealed that its EVP-Cust Exp & Energy Strategy Conner Penelope M unloaded Company’s shares for reported $33452.0 on Aug 30 ’24. In the deal valued at $66.91 per share,500 shares were sold. As a result of this transaction, Conner Penelope M now holds 8,532 shares worth roughly $0.58 million.
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Then, Conner Penelope M bought 500 shares, generating $33,452 in total proceeds.
Before that, Conner Penelope M sold 815 shares. Eversource Energy shares valued at $53,382 were divested by the EVP-Cust Exp & Energy Strategy at a price of $65.50 per share. As a result of the transaction, Conner Penelope M now holds 9,032 shares, worth roughly $0.61 million.
BofA Securities upgraded its Eversource Energy [ES] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. UBS also remained covering ES and has increased its forecast on April 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on February 15, 2024. It rated ES as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ES
On Tuesday, Eversource Energy [NYSE:ES] saw its stock jump 0.30% to $67.73. Over the last five days, the stock has gained 1.13%. Eversource Energy shares have risen nearly 9.74% since the year began. Nevertheless, the stocks have risen 6.13% over the past one year. While a 52-week high of $68.72 was reached on 08/02/24, a 52-week low of $52.03 was recorded on 01/23/24. SMA at 50 days reached $62.79, while 200 days put it at $59.84.
Levels Of Support And Resistance For ES Stock
The 24-hour chart illustrates a support level at 67.28, which if violated will result in even more drops to 66.84. On the upside, there is a resistance level at 68.15. A further resistance level may holdings at 68.58. The Relative Strength Index (RSI) on the 14-day chart is 64.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.53%. Stochastics %K at 95.93% indicates the stock is a selling.
How much short interest is there in Eversource Energy?
A steep rise in short interest was recorded in Eversource Energy stocks on 2024-08-15, dropping by -0.53 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.55 million shares. There was a decline of -13.04%, which implies that there is a negative sentiment for the stock.
