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BofA Securities upgrades Eversource Energy (ES) stock to a Neutral

Eversource Energy’s filing revealed that its Officer Carmody Christine M acquired Company’s shares for reported $1.94 million on Sep 26 ’24. In the deal valued at $65.99 per share,29,467 shares were bought.

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Then, NOVA DANIEL J bought 125 shares, generating $7,366 in total proceeds. Upon buying the shares at $58.93, the Trustee now owns 100 shares.

Before that, NOVA DANIEL J bought 125 shares. Eversource Energy shares valued at $7,074 were divested by the Trustee at a price of $56.59 per share. As a result of the transaction, NOVA DANIEL J now holds 200 shares, worth roughly $13297.999999999998.

BofA Securities upgraded its Eversource Energy [ES] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. UBS also remained covering ES and has increased its forecast on April 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on February 15, 2024. It rated ES as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ES

On Monday, Eversource Energy [NYSE:ES] saw its stock jump 0.99% to $66.49. Over the last five days, the stock has gained 0.54%. Eversource Energy shares have risen nearly 7.73% since the year began. Nevertheless, the stocks have risen 22.77% over the past one year. While a 52-week high of $69.01 was reached on 09/05/24, a 52-week low of $52.03 was recorded on 01/23/24. SMA at 50 days reached $66.53, while 200 days put it at $60.99.

Levels Of Support And Resistance For ES Stock

The 24-hour chart illustrates a support level at 66.05, which if violated will result in even more drops to 65.60. On the upside, there is a resistance level at 66.89. A further resistance level may holdings at 67.28. The Relative Strength Index (RSI) on the 14-day chart is 53.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.92%. Stochastics %K at 79.50% indicates the stock is a holding.

How much short interest is there in Eversource Energy?

A steep rise in short interest was recorded in Eversource Energy stocks on 2024-10-15, growing by 0.2 million shares to a total of 4.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.25 million shares. There was a rise of 4.4%, which implies that there is a positive sentiment for the stock.

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