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. NRG Energy Inc. shares valued at $8,244,151 were sold by Patel Rasesh M. on Sep 13 ’24. At $80.35 per share, Patel Rasesh M. sold 102,603 shares. The insider’s holdings dropped to 163,680 shares worth approximately $15.39 million following the completion of this transaction.
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Also, Patel Rasesh M. sold 24,546 shares, netting a total of over 2,047,382 in proceeds. Following the sale of shares at $83.41 each, the insider now holds 266,064 shares.
Before that, Patel Rasesh M. had sold 49,092 shares from its account. In a trade valued at $3,072,668, the Exec VP, Smart Home traded NRG Energy Inc. shares for $62.59 each. Upon closing the transaction, the insider’s holdings decreased to 49,092 shares, worth approximately $33.57 million.
As published in their initiating research note from Jefferies on September 13, 2024, NRG Energy Inc. [NRG] has been a Hold and the price target has been revised to $82. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late January. As of November 06, 2023, UBS has increased its “Sell” rating to a “Neutral” for NRG. Earlier on November 01, 2023, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for NRG stock which previously was a “a Neutral”.
Analyzing NRG Stock Performance
During the last five days, there has been a surge of approximately 3.83%. Over the course of the year, NRG Energy Inc. shares have jumped approximately 81.91%. Shares of the company reached a 52-week high of $94.60 on 10/03/24 and a 52-week low of $50.23 on 01/11/24. A 50-day SMA is recorded $81.23, while a 200-day SMA reached $70.64. Nevertheless, trading volume fell to 3.03 million shares from 2.23 million shares the previous day.
Support And Resistance Levels for NRG Energy Inc. (NRG)
According to the 24-hour chart, there is a support level at 93.04, which, if violated, would cause prices to drop to 92.03. In the upper region, resistance lies at 94.83. The next price resistance is at 95.61. RSI (Relative Strength Index) is 77.32 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.19, which suggests the price will increase in the coming days. Percent R is at 3.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
