Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centerpoint Energy Inc. shares valued at $166,811 were sold by Smitherman Barry T on May 03 ’24. At $29.42 per share, Smitherman Barry T sold 5,670 shares. The insider’s holdings dropped to 21,203 shares worth approximately $0.64 million following the completion of this transaction.
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Also, Foster Christopher A purchased 5,000 shares, netting a total of over 140,496 in proceeds. Following the buying of shares at $28.10 each, the insider now holds 147,693 shares.
Before that, LESAR DAVID J had added 37,000 shares to its account. In a trade valued at $1,003,440, the CEO bought Centerpoint Energy Inc. shares for $27.12 each. Upon closing the transaction, the insider’s holdings increased to 37,000 shares, worth approximately $1.12 million.
Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid August. As of August 02, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for CNP. Earlier on August 02, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CNP stock which previously was a “an Overweight”.
Analyzing CNP Stock Performance
During the last five days, there has been a surge of approximately 2.34%. Over the course of the year, Centerpoint Energy Inc. shares have jumped approximately 5.64%. Shares of the company reached a 52-week high of $31.57 on 06/21/24 and a 52-week low of $25.41 on 08/15/24. A 50-day SMA is recorded $28.04, while a 200-day SMA reached $28.60. Nevertheless, trading volume fell to 9.45 million shares from 4.65 million shares the previous day.
Support And Resistance Levels for Centerpoint Energy Inc. (CNP)
According to the 24-hour chart, there is a support level at 29.88, which, if violated, would cause prices to drop to 29.59. In the upper region, resistance lies at 30.36. The next price resistance is at 30.54. RSI (Relative Strength Index) is 67.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 25.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
