Portland General Electric Co’s recent filing unveils that its EVP, COO Felton Benjamin acquired Company’s shares for reported $522.0 on Sep 11 ’24. In the deal valued at $47.48 per share,11 shares were bought. As a result of this transaction, Felton Benjamin now holds 30,153 shares worth roughly $-1.43 million.
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Then, Espinosa Maria Angelica sold 2,500 shares, generating $120,761 in total proceeds. Upon selling the shares at $48.30, the SVP, Chief Legal & Compliance now owns 14,263 shares.
Before that, Espinosa Maria Angelica bought 2,500 shares. Portland General Electric Co shares valued at $120,761 were divested by the Officer at a price of $48.30 per share.
Evercore ISI initiated its Portland General Electric Co [POR] rating to an Outperform in a research note published on September 25, 2024; the price target was $54. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Barclays also remained covering POR and has decreased its forecast on September 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of POR
On Monday, Portland General Electric Co [NYSE:POR] saw its stock jump 2.30% to $47.55. Over the last five days, the stock has gained 2.77%. Portland General Electric Co shares have risen nearly 9.71% since the year began. Nevertheless, the stocks have risen 14.58% over the past one year. While a 52-week high of $49.45 was reached on 09/17/24, a 52-week low of $39.13 was recorded on 02/08/24. SMA at 50 days reached $47.37, while 200 days put it at $43.88.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 46.82, which if violated will result in even more drops to 46.08. On the upside, there is a resistance level at 47.92. A further resistance level may holdings at 48.29. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.22%. Stochastics %K at 37.00% indicates the stock is a holding.
How much short interest is there in Portland General Electric Co?
A steep rise in short interest was recorded in Portland General Electric Co stocks on 2024-09-30, dropping by -1.09 million shares to a total of 3.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.38 million shares. There was a decline of -33.29%, which implies that there is a negative sentiment for the stock.
