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. Entergy Corp shares valued at $114,024 were sold by VIAMONTES ELIECER on Nov 04 ’24. At $142.53 per share, VIAMONTES ELIECER sold 800 shares. The insider’s holdings dropped to 4,373 shares worth approximately $0.64 million following the completion of this transaction.
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Also, VIAMONTES ELIECER sold 400 shares, netting a total of over 56,940 in proceeds. Following the sale of shares at $142.35 each, the insider now holds 1,595 shares.
Before that, VIAMONTES ELIECER had added 125 shares to its account. In a trade valued at $18,375, the Member of immediate family of bought Entergy Corp shares for $147.00 each.
As published in a research note from Morgan Stanley on November 04, 2024, Entergy Corp [ETR] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $150 from $116. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 17, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for ETR. Earlier on November 21, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for ETR stock which previously was a “a Neutral”.
Analyzing ETR Stock Performance
During the last five days, there has been a surge of approximately 8.68%. Over the course of the year, Entergy Corp shares have jumped approximately 44.34%. Shares of the company reached a 52-week high of $156.85 on 10/31/24 and a 52-week low of $96.15 on 02/13/24. A 50-day SMA is recorded $131.22, while a 200-day SMA reached $113.30. Nevertheless, trading volume fell to 1.97 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for Entergy Corp (ETR)
According to the 24-hour chart, there is a support level at 144.16, which, if violated, would cause prices to drop to 142.25. In the upper region, resistance lies at 148.15. The next price resistance is at 150.23. RSI (Relative Strength Index) is 63.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.24, which suggests the price will increase in the coming days. Percent R is at 46.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
