In a filing, Centerpoint Energy Inc. revealed its Director Smitherman Barry T unloaded Company’s shares for reported $0.17 million on May 03 ’24. In the deal valued at $29.42 per share,5,670 shares were sold. As a result of this transaction, Smitherman Barry T now holds 21,203 shares worth roughly $-0.63 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Foster Christopher A bought 5,000 shares, generating $140,496 in total proceeds. Upon buying the shares at $28.10, the EVP and CFO now owns 147,693 shares.
Before that, LESAR DAVID J bought 37,000 shares. Centerpoint Energy Inc. shares valued at $1,003,440 were divested by the CEO at a price of $27.12 per share. As a result of the transaction, LESAR DAVID J now holds 37,000 shares, worth roughly $1.1 million.
A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal weight”. KeyBanc Capital Markets also remained covering CNP and has decreased its forecast on August 02, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on August 02, 2024. It rated CNP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CNP
On Monday, Centerpoint Energy Inc. [NYSE:CNP] saw its stock jump 0.71% to $29.78. Over the last five days, the stock has gained 0.47%. Centerpoint Energy Inc. shares have risen nearly 4.24% since the year began. Nevertheless, the stocks have risen 8.17% over the past one year. While a 52-week high of $31.57 was reached on 06/21/24, a 52-week low of $25.41 was recorded on 08/15/24. SMA at 50 days reached $27.78, while 200 days put it at $28.58.
Levels Of Support And Resistance For CNP Stock
The 24-hour chart illustrates a support level at 29.58, which if violated will result in even more drops to 29.37. On the upside, there is a resistance level at 29.90. A further resistance level may holdings at 30.01. The Relative Strength Index (RSI) on the 14-day chart is 62.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.15%. Stochastics %K at 55.13% indicates the stock is a holding.
How much short interest is there in Centerpoint Energy Inc.?
A steep rise in short interest was recorded in Centerpoint Energy Inc. stocks on 2024-09-30, growing by 0.42 million shares to a total of 12.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.08 million shares. There was a rise of 3.34%, which implies that there is a positive sentiment for the stock.
