The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PPL Corp shares valued at $151,781 were sold by Henninger Tadd J on Aug 29 ’24. At $31.74 per share, Henninger Tadd J sold 4,782 shares. The insider’s holdings dropped to 11,209 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Henninger Tadd J purchased 4,782 shares, netting a total of over 151,781 in proceeds.
Before that, Henninger Tadd J had sold 13,330 shares from its account. In a trade valued at $346,447, the SVP-Finance and Treasurer traded PPL Corp shares for $25.99 each. Upon closing the transaction, the insider’s holdings decreased to 13,330 shares, worth approximately $0.15 million.
As published in their initiating research note from JP Morgan on October 25, 2024, PPL Corp [PPL] has been an Overweight and the price target has been revised to $37. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of March 08, 2024, Argus has increased its “Hold” rating to a “Buy” for PPL. Earlier on October 04, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for PPL stock which previously was a “a Buy”.
Analyzing PPL Stock Performance
During the last five days, there has been a drop of approximately -2.69%. Over the course of the year, PPL Corp shares have jumped approximately 18.97%. Shares of the company reached a 52-week high of $33.38 on 10/01/24 and a 52-week low of $25.35 on 02/08/24. A 50-day SMA is recorded $32.30, while a 200-day SMA reached $28.94. Nevertheless, trading volume fell to 4.35 million shares from 3.83 million shares the previous day.
Support And Resistance Levels for PPL Corp (PPL)
According to the 24-hour chart, there is a support level at 32.13, which, if violated, would cause prices to drop to 32.01. In the upper region, resistance lies at 32.34. The next price resistance is at 32.44. RSI (Relative Strength Index) is 47.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 53.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
