Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PG&E Corp. shares valued at $707,170 were sold by Williams Stephanie N on Aug 15 ’24. At $18.32 per share, Williams Stephanie N sold 38,601 shares. The insider’s holdings dropped to 19,114 shares worth approximately $0.39 million following the completion of this transaction.
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Also, Williams Stephanie N purchased 38,601 shares, netting a total of over 707,148 in proceeds.
Before that, Poppe Patricia K had sold 59,000 shares from its account. In a trade valued at $1,007,720, the Chief Executive Officer traded PG&E Corp. shares for $17.08 each. Upon closing the transaction, the insider’s holdings decreased to 59,000 shares, worth approximately $30.97 million.
As published in a research note from JP Morgan on June 10, 2024, PG&E Corp. [PCG] has been rated up from a Neutral to an Overweight and the price target has been revised to $22 from $19. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for PCG stock.
Analyzing PCG Stock Performance
During the last five days, there has been a surge of approximately 8.10%. Over the course of the year, PG&E Corp. shares have jumped approximately 13.31%. Shares of the company reached a 52-week high of $20.53 on 09/04/24 and a 52-week low of $15.94 on 02/13/24. A 50-day SMA is recorded $18.20, while a 200-day SMA reached $17.50. Nevertheless, trading volume fell to 22.12 million shares from 13.67 million shares the previous day.
Support And Resistance Levels for PG&E Corp. (PCG)
According to the 24-hour chart, there is a support level at 20.08, which, if violated, would cause prices to drop to 19.72. In the upper region, resistance lies at 20.66. The next price resistance is at 20.88. RSI (Relative Strength Index) is 84.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 4.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
