Portland General Electric Co’s recent filing unveils that its EVP, COO Felton Benjamin acquired Company’s shares for reported $522.0 on Sep 11 ’24. In the deal valued at $47.48 per share,11 shares were bought. As a result of this transaction, Felton Benjamin now holds 30,153 shares worth roughly $1.39 million.
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Then, Espinosa Maria Angelica sold 2,500 shares, generating $120,761 in total proceeds. Upon selling the shares at $48.30, the SVP, Chief Legal & Compliance now owns 14,263 shares.
Before that, Espinosa Maria Angelica bought 2,500 shares. Portland General Electric Co shares valued at $120,761 were divested by the Officer at a price of $48.30 per share.
Evercore ISI initiated its Portland General Electric Co [POR] rating to an Outperform in a research note published on September 25, 2024; the price target was $54. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Barclays also remained covering POR and has decreased its forecast on September 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of POR
On Monday, Portland General Electric Co [NYSE:POR] saw its stock jump 0.09% to $46.14. Over the last five days, the stock has lost -5.26%. Portland General Electric Co shares have risen nearly 6.46% since the year began. Nevertheless, the stocks have risen 10.57% over the past one year. While a 52-week high of $49.85 was reached on 10/25/24, a 52-week low of $39.13 was recorded on 02/08/24. SMA at 50 days reached $47.78, while 200 days put it at $44.27.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 45.82, which if violated will result in even more drops to 45.51. On the upside, there is a resistance level at 46.36. A further resistance level may holdings at 46.59. The Relative Strength Index (RSI) on the 14-day chart is 35.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.05%. Stochastics %K at 13.12% indicates the stock is a buying.
How much short interest is there in Portland General Electric Co?
A steep rise in short interest was recorded in Portland General Electric Co stocks on 2024-10-15, dropping by -0.8 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.38 million shares. There was a decline of -22.45%, which implies that there is a negative sentiment for the stock.
