In a filing, PG&E Corp. revealed its VP and Controller Williams Stephanie N unloaded Company’s shares for reported $0.71 million on Aug 15 ’24. In the deal valued at $18.32 per share,38,601 shares were sold. As a result of this transaction, Williams Stephanie N now holds 19,114 shares worth roughly $0.38 million.
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Then, Williams Stephanie N bought 38,601 shares, generating $707,148 in total proceeds.
Before that, Poppe Patricia K sold 59,000 shares. PG&E Corp. shares valued at $1,007,720 were divested by the Chief Executive Officer at a price of $17.08 per share. As a result of the transaction, Poppe Patricia K now holds 1,515,777 shares, worth roughly $30.1 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Goldman began covering PCG with “Buy” recommendation on April 10, 2024.
Price Performance Review of PCG
On Tuesday, PG&E Corp. [NYSE:PCG] saw its stock fall -0.75% to $19.86. Over the last five days, the stock has gained 1.07%. PG&E Corp. shares have risen nearly 10.15% since the year began. Nevertheless, the stocks have risen 14.73% over the past one year. While a 52-week high of $20.65 was reached on 09/05/24, a 52-week low of $14.71 was recorded on 02/13/24. SMA at 50 days reached $18.67, while 200 days put it at $17.60.
Levels Of Support And Resistance For PCG Stock
The 24-hour chart illustrates a support level at 19.78, which if violated will result in even more drops to 19.69. On the upside, there is a resistance level at 20.01. A further resistance level may holdings at 20.15. The Relative Strength Index (RSI) on the 14-day chart is 61.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.73%. Stochastics %K at 57.56% indicates the stock is a holding.
How much short interest is there in PG&E Corp.?
A steep rise in short interest was recorded in PG&E Corp. stocks on 2024-08-30, growing by 11.28 million shares to a total of 43.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 32.66 million shares. There was a rise of 25.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $19 price target.
