Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NextEra Energy Inc shares valued at $3,194,980 were sold by Sieving Charles E on Sep 16 ’24. At $85.00 per share, Sieving Charles E sold 37,588 shares. The insider’s holdings dropped to 197,692 shares worth approximately $16.0 million following the completion of this transaction.
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Also, Sieving Charles E purchased 37,588 shares, netting a total of over 3,194,980 in proceeds.
Before that, Pimentel Armando Jr had sold 99,412 shares from its account. In a trade valued at $7,952,960, the Director, Pres & CEO of Sub traded NextEra Energy Inc shares for $80.00 each. Upon closing the transaction, the insider’s holdings decreased to 99,412 shares, worth approximately $11.99 million.
As published in their initiating research note from Jefferies on September 19, 2024, NextEra Energy Inc [NEE] has been a Hold and the price target has been revised to $87. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of April 10, 2024, Barclays has initiated its “an Equal weight” rating for NEE. Earlier on December 08, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for NEE stock.
Analyzing NEE Stock Performance
During the last five days, there has been a drop of approximately -4.83%. Over the course of the year, NextEra Energy Inc shares have jumped approximately 33.26%. Shares of the company reached a 52-week high of $86.10 on 10/03/24 and a 52-week low of $53.95 on 03/04/24. A 50-day SMA is recorded $81.07, while a 200-day SMA reached $69.71. Nevertheless, trading volume fell to 7.93 million shares from 10.1 million shares the previous day.
Support And Resistance Levels for NextEra Energy Inc (NEE)
According to the 24-hour chart, there is a support level at 80.32, which, if violated, would cause prices to drop to 79.70. In the upper region, resistance lies at 82.06. The next price resistance is at 83.18. RSI (Relative Strength Index) is 43.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.77, which suggests the price will decrease in the coming days. Percent R is at 80.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
