Public Service Enterprise Group Inc.’s recently made public that its EVP & Chief Legal Officer Linde Tamara Louise unloaded Company’s shares for reported $0.87 million on Oct 09 ’24. In the deal valued at $90.61 per share,9,564 shares were sold. As a result of this transaction, Linde Tamara Louise now holds 48,397 shares worth roughly $4.36 million.
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Then, Linde Tamara Louise bought 9,564 shares, generating $866,594 in total proceeds.
Before that, LaRossa Ralph A sold 1,378 shares. Public Service Enterprise Group Inc. shares valued at $124,300 were divested by the Chair, President and CEO at a price of $90.20 per share. As a result of the transaction, LaRossa Ralph A now holds 147,514 shares, worth roughly $13.3 million.
Jefferies initiated its Public Service Enterprise Group Inc. [PEG] rating to a Hold in a research note published on September 13, 2024; the price target was $85. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Guggenheim also remained covering PEG and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated PEG as “an Overweight”.
Price Performance Review of PEG
On Monday, Public Service Enterprise Group Inc. [NYSE:PEG] saw its stock jump 0.46% to $90.17. Over the last five days, the stock has gained 1.13%. Public Service Enterprise Group Inc. shares have risen nearly 47.46% since the year began. Nevertheless, the stocks have risen 50.71% over the past one year. While a 52-week high of $92.20 was reached on 10/03/24, a 52-week low of $56.85 was recorded on 01/24/24. SMA at 50 days reached $84.91, while 200 days put it at $72.43.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 89.69, which if violated will result in even more drops to 89.21. On the upside, there is a resistance level at 90.65. A further resistance level may holdings at 91.13. The Relative Strength Index (RSI) on the 14-day chart is 59.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.00%. Stochastics %K at 66.81% indicates the stock is a holding.
How much short interest is there in Public Service Enterprise Group Inc.?
A steep rise in short interest was recorded in Public Service Enterprise Group Inc. stocks on 2024-09-30, growing by 0.66 million shares to a total of 6.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.88 million shares. There was a rise of 10.12%, which implies that there is a positive sentiment for the stock.
