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The Potential Rise in the Price of NextEra Energy Inc (NEE) following insiders activity

NextEra Energy Inc’s recently made public that its Officer Sieving Charles E acquired Company’s shares for reported $3.19 million on Sep 16 ’24. In the deal valued at $85.00 per share,37,588 shares were bought.

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Then, Pimentel Armando Jr sold 99,412 shares, generating $7,952,960 in total proceeds. Upon selling the shares at $80.00, the Director, Pres & CEO of Sub now owns 148,104 shares.

Before that, Pimentel Armando Jr bought 99,412 shares. NextEra Energy Inc shares valued at $7,952,960 were divested by the Officer at a price of $80.00 per share.

Mizuho downgraded its NextEra Energy Inc [NEE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Equal weight”‘ rating. Citigroup began covering NEE with “Buy” recommendation on December 08, 2023. Seaport Research Partners revised its rating on November 09, 2023. It rated NEE as “a Sell” which previously was an “a Neutral”.

Price Performance Review of NEE

On Monday, NextEra Energy Inc [NYSE:NEE] saw its stock fall -0.01% to $84.64. Over the last five days, the stock has gained 4.25%. NextEra Energy Inc shares have risen nearly 39.35% since the year began. Nevertheless, the stocks have risen 22.17% over the past one year. While a 52-week high of $84.73 was reached on 09/16/24, a 52-week low of $47.15 was recorded on 03/04/24. SMA at 50 days reached $77.39, while 200 days put it at $67.60.

Levels Of Support And Resistance For NEE Stock

The 24-hour chart illustrates a support level at 84.15, which if violated will result in even more drops to 83.66. On the upside, there is a resistance level at 85.35. A further resistance level may holdings at 86.05. The Relative Strength Index (RSI) on the 14-day chart is 72.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.42%. Stochastics %K at 91.85% indicates the stock is a selling.

How much short interest is there in NextEra Energy Inc?

A steep rise in short interest was recorded in NextEra Energy Inc stocks on 2024-08-30, growing by 4.81 million shares to a total of 37.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 32.39 million shares. There was a rise of 12.93%, which implies that there is a positive sentiment for the stock.

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