In a filing, NRG Energy Inc. revealed its President, NRG Consumer Patel Rasesh M. unloaded Company’s shares for reported $8.24 million on Sep 13 ’24. In the deal valued at $80.35 per share,102,603 shares were sold. As a result of this transaction, Patel Rasesh M. now holds 163,680 shares worth roughly $15.43 million.
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Then, Patel Rasesh M. sold 24,546 shares, generating $2,047,382 in total proceeds. Upon selling the shares at $83.41, the President, NRG Consumer now owns 266,064 shares.
Before that, Patel Rasesh M. sold 49,092 shares. NRG Energy Inc. shares valued at $3,072,668 were divested by the Exec VP, Smart Home at a price of $62.59 per share. As a result of the transaction, Patel Rasesh M. now holds 356,962 shares, worth roughly $33.66 million.
Jefferies initiated its NRG Energy Inc. [NRG] rating to a Hold in a research note published on September 13, 2024; the price target was $82. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late January with a ‘”an Overweight”‘ rating. UBS also remained covering NRG and has increased its forecast on November 06, 2023 with a “Neutral” recommendation from previously “Sell” rating. Guggenheim revised its rating on November 01, 2023. It rated NRG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NRG
On Monday, NRG Energy Inc. [NYSE:NRG] saw its stock fall -1.11% to $94.29. Over the last five days, the stock has gained 3.50%. NRG Energy Inc. shares have risen nearly 82.38% since the year began. Nevertheless, the stocks have risen 143.71% over the past one year. While a 52-week high of $96.20 was reached on 10/07/24, a 52-week low of $37.45 was recorded on 01/11/24. SMA at 50 days reached $82.09, while 200 days put it at $71.10.
Levels Of Support And Resistance For NRG Stock
The 24-hour chart illustrates a support level at 92.61, which if violated will result in even more drops to 90.94. On the upside, there is a resistance level at 96.18. A further resistance level may holdings at 98.08. The Relative Strength Index (RSI) on the 14-day chart is 73.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.91%. Stochastics %K at 92.25% indicates the stock is a selling.
How much short interest is there in NRG Energy Inc.?
A steep rise in short interest was recorded in NRG Energy Inc. stocks on 2024-09-13, dropping by -0.6 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.43 million shares. There was a decline of -6.75%, which implies that there is a negative sentiment for the stock.
