Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sempra shares valued at $457,927 were sold by WALL PETER R on Jun 18 ’24. At $75.07 per share, WALL PETER R sold 6,100 shares. The insider’s holdings dropped to 14,751 shares worth approximately $1.27 million following the completion of this transaction.
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Also, MARK RICHARD J purchased 1,925 shares, netting a total of over 150,092 in proceeds. Following the buying of shares at $77.97 each, the insider now holds 5,420 shares.
Before that, BIRD JUSTIN CHRISTOPHER had sold 6,278 shares from its account. In a trade valued at $443,227, the Executive Vice President traded Sempra shares for $70.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,278 shares, worth approximately $1.15 million.
Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of January 03, 2024, Ladenburg Thalmann has initiated its “Buy” rating for SRE. Earlier on December 12, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for SRE stock which previously was a “a Neutral”.
Analyzing SRE Stock Performance
During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Sempra shares have jumped approximately 15.03%. Shares of the company reached a 52-week high of $86.13 on 10/18/24 and a 52-week low of $66.40 on 04/16/24. A 50-day SMA is recorded $82.62, while a 200-day SMA reached $75.93. Nevertheless, trading volume fell to 3.1 million shares from 3.55 million shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 85.22, which, if violated, would cause prices to drop to 84.49. In the upper region, resistance lies at 86.34. The next price resistance is at 86.73. RSI (Relative Strength Index) is 64.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 3.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
