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. Portland General Electric Co shares valued at $522 were purchased by Felton Benjamin on Sep 11 ’24. At $47.48 per share, Felton Benjamin acquired 11 shares. The insider’s holdings grew to 30,153 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Espinosa Maria Angelica sold 2,500 shares, netting a total of over 120,761 in proceeds. Following the sale of shares at $48.30 each, the insider now holds 14,263 shares.
Before that, Espinosa Maria Angelica had added 2,500 shares to its account. In a trade valued at $120,761, the Officer bought Portland General Electric Co shares for $48.30 each.
As published in their initiating research note from Evercore ISI on September 25, 2024, Portland General Electric Co [POR] has been an Outperform and the price target has been revised to $54. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September. As of September 18, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for POR.
Analyzing POR Stock Performance
During the last five days, there has been a drop of approximately -2.89%. Over the course of the year, Portland General Electric Co shares have jumped approximately 9.37%. Shares of the company reached a 52-week high of $49.85 on 10/25/24 and a 52-week low of $39.13 on 02/08/24. A 50-day SMA is recorded $47.83, while a 200-day SMA reached $44.21. Nevertheless, trading volume fell to 0.94 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Portland General Electric Co (POR)
According to the 24-hour chart, there is a support level at 47.24, which, if violated, would cause prices to drop to 47.08. In the upper region, resistance lies at 47.70. The next price resistance is at 48.00. RSI (Relative Strength Index) is 45.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 72.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
