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The Attractiveness of Investing In Xcel Energy, Inc. (XEL) is Growing

Xcel Energy, Inc.’s recently made public that its SVP, Strategy and External Aff Prager Frank P unloaded Company’s shares for reported $0.12 million on Aug 16 ’24. In the deal valued at $59.50 per share,2,041 shares were sold. As a result of this transaction, Prager Frank P now holds 28,705 shares worth roughly $1.88 million.

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Then, O’Connor Timothy John sold 17,563 shares, generating $979,471 in total proceeds. Upon selling the shares at $55.77, the EVP, Chief Operations Officer now owns 0 shares.

Jefferies initiated its Xcel Energy, Inc. [XEL] rating to a Hold in a research note published on September 20, 2024; the price target was $70. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late August from “a Hold” to “a Buy”. Wolfe Research also remained covering XEL and has increased its forecast on March 11, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Barclays revised its rating on March 11, 2024. It rated XEL as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of XEL

On Tuesday, Xcel Energy, Inc. [NASDAQ:XEL] saw its stock jump 0.03% to $65.32. Over the last five days, the stock has gained 1.79%. Xcel Energy, Inc. shares have risen nearly 5.51% since the year began. Nevertheless, the stocks have risen 14.16% over the past one year. While a 52-week high of $65.42 was reached on 10/01/24, a 52-week low of $46.79 was recorded on 03/06/24. SMA at 50 days reached $61.10, while 200 days put it at $57.26.

Levels Of Support And Resistance For XEL Stock

The 24-hour chart illustrates a support level at 64.91, which if violated will result in even more drops to 64.49. On the upside, there is a resistance level at 65.69. A further resistance level may holdings at 66.05. The Relative Strength Index (RSI) on the 14-day chart is 74.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.31%. Stochastics %K at 87.61% indicates the stock is a selling.

How much short interest is there in Xcel Energy, Inc.?

A steep rise in short interest was recorded in Xcel Energy, Inc. stocks on 2024-09-13, dropping by -1.11 million shares to a total of 7.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.49 million shares. There was a decline of -15.0%, which implies that there is a negative sentiment for the stock.

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