Entergy Corp.’s recently made public that its EVP & Chief Operating Officer NORGEOT PETER S JR unloaded Company’s shares for reported $0.88 million on Sep 13 ’24. In the deal valued at $125.00 per share,7,000 shares were sold. As a result of this transaction, NORGEOT PETER S JR now holds 34,993 shares worth roughly $4.52 million.
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Then, Marsh Andrew S sold 45,000 shares, generating $5,684,400 in total proceeds. Upon selling the shares at $126.32, the Chair and CEO now owns 150,958 shares.
Before that, Marsh Andrew S bought 45,000 shares. Entergy Corp. shares valued at $5,684,522 were divested by the Officer at a price of $126.32 per share.
Barclays upgraded its Entergy Corp. [ETR] rating to an Overweight from a an Equal weight in a research note published on September 17, 2024; the price target was increased to $138 from $115. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. RBC Capital Mkts also remained covering ETR and has decreased its forecast on November 08, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. UBS revised its rating on November 06, 2023. It rated ETR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ETR
On Friday, Entergy Corp. [NYSE:ETR] saw its stock jump 1.23% to $129.25. Over the last five days, the stock has gained 1.70%. Entergy Corp. shares have risen nearly 27.73% since the year began. Nevertheless, the stocks have risen 31.61% over the past one year. While a 52-week high of $129.66 was reached on 09/20/24, a 52-week low of $87.10 was recorded on 02/13/24. SMA at 50 days reached $118.29, while 200 days put it at $107.81.
Levels Of Support And Resistance For ETR Stock
The 24-hour chart illustrates a support level at 128.20, which if violated will result in even more drops to 127.15. On the upside, there is a resistance level at 130.00. A further resistance level may holdings at 130.75. The Relative Strength Index (RSI) on the 14-day chart is 77.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.64%. Stochastics %K at 88.78% indicates the stock is a selling.
How much short interest is there in Entergy Corp.?
A steep rise in short interest was recorded in Entergy Corp. stocks on 2024-08-30, growing by 0.14 million shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.82 million shares. There was a rise of 4.63%, which implies that there is a positive sentiment for the stock.
