PPL Corp’s recently made public that its SVP-Finance and Treasurer Henninger Tadd J unloaded Company’s shares for reported $0.15 million on Aug 29 ’24. In the deal valued at $31.74 per share,4,782 shares were sold. As a result of this transaction, Henninger Tadd J now holds 11,209 shares worth roughly $0.36 million.
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Then, Henninger Tadd J bought 4,782 shares, generating $151,781 in total proceeds.
Before that, Henninger Tadd J sold 13,330 shares. PPL Corp shares valued at $346,447 were divested by the SVP-Finance and Treasurer at a price of $25.99 per share. As a result of the transaction, Henninger Tadd J now holds 4,784 shares, worth roughly $0.15 million.
Jefferies initiated its PPL Corp [PPL] rating to a Buy in a research note published on September 20, 2024; the price target was $38. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. UBS also remained covering PPL and has decreased its forecast on October 04, 2023 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated PPL as “an Equal weight”.
Price Performance Review of PPL
On Friday, PPL Corp [NYSE:PPL] saw its stock jump 0.76% to $31.71. Over the last five days, the stock has lost -2.58%. PPL Corp shares have risen nearly 17.01% since the year began. Nevertheless, the stocks have risen 31.52% over the past one year. While a 52-week high of $33.38 was reached on 10/01/24, a 52-week low of $23.36 was recorded on 02/08/24. SMA at 50 days reached $31.85, while 200 days put it at $28.61.
Levels Of Support And Resistance For PPL Stock
The 24-hour chart illustrates a support level at 31.49, which if violated will result in even more drops to 31.27. On the upside, there is a resistance level at 31.83. A further resistance level may holdings at 31.95. The Relative Strength Index (RSI) on the 14-day chart is 43.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.96%. Stochastics %K at 7.04% indicates the stock is a buying.
How much short interest is there in PPL Corp?
A steep rise in short interest was recorded in PPL Corp stocks on 2024-09-30, dropping by -1.6 million shares to a total of 16.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.45 million shares. There was a decline of -9.51%, which implies that there is a negative sentiment for the stock.
