Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Firstenergy Corp. shares valued at $264,601 were purchased by Walker Christine on Sep 12 ’24. At $44.10 per share, Walker Christine acquired 6,000 shares.
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Also, Walker Christine sold 12,500 shares, netting a total of over 469,781 in proceeds. Following the sale of shares at $37.58 each, the insider now holds 36,959 shares.
As published in a research note from Argus on September 20, 2024, Firstenergy Corp. [FE] has been rated up from a Hold to a Buy and the price target has been revised to $50. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of August 23, 2023, Barclays has initiated its “an Equal weight” rating for FE. Earlier on August 07, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for FE stock which previously was a “a Buy”.
Analyzing FE Stock Performance
During the last five days, there has been a surge of approximately 0.59%. Over the course of the year, Firstenergy Corp. shares have jumped approximately 20.16%. Shares of the company reached a 52-week high of $44.97 on 09/05/24 and a 52-week low of $35.41 on 02/08/24. A 50-day SMA is recorded $43.14, while a 200-day SMA reached $39.36. Nevertheless, trading volume fell to 3.77 million shares from 2.34 million shares the previous day.
Support And Resistance Levels for Firstenergy Corp. (FE)
According to the 24-hour chart, there is a support level at 43.87, which, if violated, would cause prices to drop to 43.68. In the upper region, resistance lies at 44.32. The next price resistance is at 44.59. RSI (Relative Strength Index) is 54.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 39.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
