The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Entergy Corp. shares valued at $875,000 were sold by NORGEOT PETER S JR on Sep 13 ’24. At $125.00 per share, NORGEOT PETER S JR sold 7,000 shares. The insider’s holdings dropped to 34,993 shares worth approximately $4.5 million following the completion of this transaction.
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Also, Marsh Andrew S sold 45,000 shares, netting a total of over 5,684,400 in proceeds. Following the sale of shares at $126.32 each, the insider now holds 150,958 shares.
Before that, Marsh Andrew S had added 45,000 shares to its account. In a trade valued at $5,684,522, the Officer bought Entergy Corp. shares for $126.32 each.
As published in a research note from Barclays on September 17, 2024, Entergy Corp. [ETR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $138 from $115. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of November 08, 2023, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for ETR. Earlier on November 06, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for ETR stock which previously was a “a Neutral”.
Analyzing ETR Stock Performance
During the last five days, there has been a surge of approximately 5.22%. Over the course of the year, Entergy Corp. shares have jumped approximately 27.10%. Shares of the company reached a 52-week high of $129.66 on 09/17/24 and a 52-week low of $96.15 on 02/13/24. A 50-day SMA is recorded $117.44, while a 200-day SMA reached $107.54. Nevertheless, trading volume fell to 1.83 million shares from 2.63 million shares the previous day.
Support And Resistance Levels for Entergy Corp. (ETR)
According to the 24-hour chart, there is a support level at 127.85, which, if violated, would cause prices to drop to 127.08. In the upper region, resistance lies at 129.44. The next price resistance is at 130.26. RSI (Relative Strength Index) is 80.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.98, which suggests the price will increase in the coming days. Percent R is at 9.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
