Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clearway Energy Inc shares valued at $85,045 were purchased by ONEAL E STANLEY on Aug 09 ’24. At $28.35 per share, ONEAL E STANLEY acquired 3,000 shares. The insider’s holdings grew to 67,842 shares worth approximately $1.99 million following the completion of this transaction.
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Also, TotalEnergies SE purchased 196,964 shares, netting a total of over 4,502,833 in proceeds. Following the buying of shares at $22.86 each, the insider now holds 295,235 shares.
Before that, Global Infrastructure Investor had added 196,964 shares to its account. In a trade valued at $4,502,833, the Director bought Clearway Energy Inc shares for $22.86 each. Upon closing the transaction, the insider’s holdings increased to 196,964 shares, worth approximately $8.65 million.
As published in a research note from Morgan Stanley on July 31, 2024, Clearway Energy Inc [CWEN] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $36 from $25. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of September 19, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for CWEN. Earlier on June 10, 2022, CIBC initiated its rating. Their recommendation was “a Neutral” for CWEN stock.
Analyzing CWEN Stock Performance
During the last five days, there has been a surge of approximately 3.42%. Over the course of the year, Clearway Energy Inc shares have jumped approximately 6.82%. Shares of the company reached a 52-week high of $29.94 on 09/18/24 and a 52-week low of $20.63 on 03/14/24. A 50-day SMA is recorded $27.64, while a 200-day SMA reached $25.39. Nevertheless, trading volume fell to 0.91 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Clearway Energy Inc (CWEN)
According to the 24-hour chart, there is a support level at 29.05, which, if violated, would cause prices to drop to 28.79. In the upper region, resistance lies at 29.75. The next price resistance is at 30.19. RSI (Relative Strength Index) is 61.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 21.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
