Firstenergy Corp.’s recently made public that its Officer Walker Christine acquired Company’s shares for reported $0.26 million on Sep 12 ’24. In the deal valued at $44.10 per share,6,000 shares were bought.
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Then, Walker Christine sold 12,500 shares, generating $469,781 in total proceeds. Upon selling the shares at $37.58, the SVP, CHRO & Corporate Services now owns 36,959 shares.
Jefferies initiated its Firstenergy Corp. [FE] rating to a Hold in a research note published on October 14, 2024; the price target was $46. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid September from “a Hold” to “a Buy”. Goldman began covering FE with “Buy” recommendation on April 10, 2024. Barclays started covering the stock on August 23, 2023. It rated FE as “an Equal weight”.
Price Performance Review of FE
On Tuesday, Firstenergy Corp. [NYSE:FE] saw its stock jump 0.32% to $43.84. Over the last five days, the stock has gained 0.78%. Firstenergy Corp. shares have risen nearly 19.59% since the year began. Nevertheless, the stocks have risen 24.26% over the past one year. While a 52-week high of $44.97 was reached on 09/05/24, a 52-week low of $34.73 was recorded on 02/08/24. SMA at 50 days reached $43.56, while 200 days put it at $39.81.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 43.47, which if violated will result in even more drops to 43.09. On the upside, there is a resistance level at 44.05. A further resistance level may holdings at 44.25. The Relative Strength Index (RSI) on the 14-day chart is 55.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.46%. Stochastics %K at 71.30% indicates the stock is a holding.
How much short interest is there in Firstenergy Corp.?
A steep rise in short interest was recorded in Firstenergy Corp. stocks on 2024-09-30, dropping by -0.42 million shares to a total of 10.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.24 million shares. There was a decline of -3.83%, which implies that there is a negative sentiment for the stock.
