Centerpoint Energy Inc.’s recently made public that its Director Smitherman Barry T unloaded Company’s shares for reported $0.17 million on May 03 ’24. In the deal valued at $29.42 per share,5,670 shares were sold. As a result of this transaction, Smitherman Barry T now holds 21,203 shares worth roughly $0.6 million.
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Then, Foster Christopher A bought 5,000 shares, generating $140,496 in total proceeds. Upon buying the shares at $28.10, the EVP and CFO now owns 147,693 shares.
Before that, LESAR DAVID J bought 37,000 shares. Centerpoint Energy Inc. shares valued at $1,003,440 were divested by the CEO at a price of $27.12 per share. As a result of the transaction, LESAR DAVID J now holds 37,000 shares, worth roughly $1.05 million.
A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal weight”. KeyBanc Capital Markets also remained covering CNP and has decreased its forecast on August 02, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on August 02, 2024. It rated CNP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CNP
On Tuesday, Centerpoint Energy Inc. [NYSE:CNP] saw its stock jump 0.39% to $28.32. Over the last five days, the stock has gained 2.79%. Centerpoint Energy Inc. shares have fallen nearly -0.88% since the year began. Nevertheless, the stocks have fallen -2.61% over the past one year. While a 52-week high of $31.57 was reached on 06/21/24, a 52-week low of $25.41 was recorded on 08/15/24. SMA at 50 days reached $27.61, while 200 days put it at $28.53.
Levels Of Support And Resistance For CNP Stock
The 24-hour chart illustrates a support level at 28.15, which if violated will result in even more drops to 27.97. On the upside, there is a resistance level at 28.46. A further resistance level may holdings at 28.59. The Relative Strength Index (RSI) on the 14-day chart is 61.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.76%. Stochastics %K at 94.72% indicates the stock is a selling.
How much short interest is there in Centerpoint Energy Inc.?
A steep rise in short interest was recorded in Centerpoint Energy Inc. stocks on 2024-08-30, dropping by -0.14 million shares to a total of 12.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.21 million shares. There was a decline of -1.14%, which implies that there is a negative sentiment for the stock.
