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Duke Energy Corp. [NYSE: DUK] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Duke Energy Corp. shares valued at $1,125,809 were sold by JANSON JULIA S on Aug 23 ’24. At $112.58 per share, JANSON JULIA S sold 10,000 shares. The insider’s holdings dropped to 58,657 shares worth approximately $7.07 million following the completion of this transaction.

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Also, JANSON JULIA S purchased 10,000 shares, netting a total of over 1,125,809 in proceeds.

Before that, Renjel Louis E. had sold 540 shares from its account. In a trade valued at $61,366, the EVP, Chief Corporate Affairs traded Duke Energy Corp. shares for $113.64 each. Upon closing the transaction, the insider’s holdings decreased to 540 shares, worth approximately $2.4 million.

As published in a research note from Mizuho on October 15, 2024, Duke Energy Corp. [DUK] has been rated up from a Neutral to an Outperform and the price target has been revised to $121 from $116. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of February 12, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for DUK. Earlier on January 23, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for DUK stock which previously was a “an In-line”.

Analyzing DUK Stock Performance

During the last five days, there has been a surge of approximately 6.59%. Over the course of the year, Duke Energy Corp. shares have jumped approximately 24.26%. Shares of the company reached a 52-week high of $120.81 on 10/17/24 and a 52-week low of $90.09 on 03/01/24. A 50-day SMA is recorded $114.81, while a 200-day SMA reached $103.04. Nevertheless, trading volume fell to 4.58 million shares from 4.78 million shares the previous day.

Support And Resistance Levels for Duke Energy Corp. (DUK)

According to the 24-hour chart, there is a support level at 119.77, which, if violated, would cause prices to drop to 118.96. In the upper region, resistance lies at 121.10. The next price resistance is at 121.62. RSI (Relative Strength Index) is 67.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.15, which suggests the price will increase in the coming days. Percent R is at 2.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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