Firstenergy Corp.’s recent filing unveils that its Officer Walker Christine acquired Company’s shares for reported $0.26 million on Sep 12 ’24. In the deal valued at $44.10 per share,6,000 shares were bought.
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Then, Walker Christine sold 12,500 shares, generating $469,781 in total proceeds. Upon selling the shares at $37.58, the SVP, CHRO & Corporate Services now owns 36,959 shares.
Argus upgraded its Firstenergy Corp. [FE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Barclays began covering FE with “an Equal weight” recommendation on August 23, 2023. UBS revised its rating on August 07, 2023. It rated FE as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FE
On Tuesday, Firstenergy Corp. [NYSE:FE] saw its stock fall -0.33% to $42.73. Over the last five days, the stock has lost -4.00%. Firstenergy Corp. shares have risen nearly 16.56% since the year began. Nevertheless, the stocks have risen 24.76% over the past one year. While a 52-week high of $44.97 was reached on 09/05/24, a 52-week low of $34.18 was recorded on 02/08/24. SMA at 50 days reached $43.33, while 200 days put it at $39.49.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 42.56, which if violated will result in even more drops to 42.39. On the upside, there is a resistance level at 43.05. A further resistance level may holdings at 43.37. The Relative Strength Index (RSI) on the 14-day chart is 39.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.93%. Stochastics %K at 14.85% indicates the stock is a buying.
How much short interest is there in Firstenergy Corp.?
A steep rise in short interest was recorded in Firstenergy Corp. stocks on 2024-09-13, growing by 0.97 million shares to a total of 12.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.14 million shares. There was a rise of 8.03%, which implies that there is a positive sentiment for the stock.
