Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Xcel Energy, Inc. shares valued at $121,440 were sold by Prager Frank P on Aug 16 ’24. At $59.50 per share, Prager Frank P sold 2,041 shares. The insider’s holdings dropped to 28,705 shares worth approximately $1.85 million following the completion of this transaction.
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Also, O’Connor Timothy John sold 17,563 shares, netting a total of over 979,471 in proceeds. Following the sale of shares at $55.77 each, the insider now holds 0 shares.
As published in their initiating research note from Jefferies on September 20, 2024, Xcel Energy, Inc. [XEL] has been a Hold and the price target has been revised to $70. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of March 11, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for XEL. Earlier on March 11, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for XEL stock which previously was a “an Equal weight”.
Analyzing XEL Stock Performance
During the last five days, there has been a surge of approximately 0.48%. Over the course of the year, Xcel Energy, Inc. shares have jumped approximately 3.89%. Shares of the company reached a 52-week high of $65.64 on 10/01/24 and a 52-week low of $46.79 on 03/06/24. A 50-day SMA is recorded $62.86, while a 200-day SMA reached $57.35. Nevertheless, trading volume fell to 2.34 million shares from 2.24 million shares the previous day.
Support And Resistance Levels for Xcel Energy, Inc. (XEL)
According to the 24-hour chart, there is a support level at 63.59, which, if violated, would cause prices to drop to 62.86. In the upper region, resistance lies at 64.71. The next price resistance is at 65.10. RSI (Relative Strength Index) is 57.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 14.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
