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Examining the Potential Price Growth of Duke Energy Corp. (DUK)

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Duke Energy Corp.’s recently made public that its EVP&CEO, Duke Energy Carolinas JANSON JULIA S unloaded Company’s shares for reported $1.13 million on Aug 23 ’24. In the deal valued at $112.58 per share,10,000 shares were sold. As a result of this transaction, JANSON JULIA S now holds 58,657 shares worth roughly $6.88 million.

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Then, JANSON JULIA S bought 10,000 shares, generating $1,125,809 in total proceeds.

Before that, Renjel Louis E. sold 540 shares. Duke Energy Corp. shares valued at $61,366 were divested by the EVP, Chief Corporate Affairs at a price of $113.64 per share. As a result of the transaction, Renjel Louis E. now holds 19,884 shares, worth roughly $2.33 million.

Jefferies initiated its Duke Energy Corp. [DUK] rating to a Buy in a research note published on September 20, 2024; the price target was $138. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Evercore ISI also remained covering DUK and has increased its forecast on January 23, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. RBC Capital Mkts revised its rating on January 10, 2024. It rated DUK as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of DUK

On Monday, Duke Energy Corp. [NYSE:DUK] saw its stock jump 0.81% to $117.31. Over the last five days, the stock has lost -0.33%. Duke Energy Corp. shares have risen nearly 20.89% since the year began. Nevertheless, the stocks have risen 25.59% over the past one year. While a 52-week high of $118.31 was reached on 09/16/24, a 52-week low of $83.06 was recorded on 03/01/24. SMA at 50 days reached $112.62, while 200 days put it at $101.35.

Levels Of Support And Resistance For DUK Stock

The 24-hour chart illustrates a support level at 116.69, which if violated will result in even more drops to 116.07. On the upside, there is a resistance level at 117.70. A further resistance level may holdings at 118.09. The Relative Strength Index (RSI) on the 14-day chart is 62.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.94%. Stochastics %K at 58.34% indicates the stock is a holding.

How much short interest is there in Duke Energy Corp.?

A steep rise in short interest was recorded in Duke Energy Corp. stocks on 2024-08-30, growing by 1.83 million shares to a total of 10.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.8 million shares. There was a rise of 17.22%, which implies that there is a positive sentiment for the stock.

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