The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DTE Energy Co. shares valued at $402,738 were sold by Lauer Trevor F on Jun 05 ’24. At $115.07 per share, Lauer Trevor F sold 3,500 shares. The insider’s holdings dropped to 59,475 shares worth approximately $7.59 million following the completion of this transaction.
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Also, Muschong Lisa A. sold 1,198 shares, netting a total of over 139,701 in proceeds. Following the sale of shares at $116.61 each, the insider now holds 4,271 shares.
Before that, Stiers Mark W had sold 10,000 shares from its account. In a trade valued at $1,160,000, the Pres & COO-DTE Vantage & Trad. traded DTE Energy Co. shares for $116.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.35 million.
As published in their initiating research note from Ladenburg Thalmann on August 14, 2024, DTE Energy Co. [DTE] has been a Buy and the price target has been revised to $131. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 16, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for DTE. Earlier on January 08, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for DTE stock which previously was a “a Buy”.
Analyzing DTE Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, DTE Energy Co. shares have jumped approximately 15.68%. Shares of the company reached a 52-week high of $129.53 on 10/01/24 and a 52-week low of $102.17 on 01/24/24. A 50-day SMA is recorded $123.61, while a 200-day SMA reached $113.58. Nevertheless, trading volume fell to 0.84 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for DTE Energy Co. (DTE)
According to the 24-hour chart, there is a support level at 126.92, which, if violated, would cause prices to drop to 126.30. In the upper region, resistance lies at 128.55. The next price resistance is at 129.56. RSI (Relative Strength Index) is 59.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.99, which suggests the price will increase in the coming days. Percent R is at 29.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
