Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DTE Energy Co shares valued at $402,738 were sold by Lauer Trevor F on Jun 05 ’24. At $115.07 per share, Lauer Trevor F sold 3,500 shares. The insider’s holdings dropped to 59,475 shares worth approximately $6.96 million following the completion of this transaction.
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Also, Muschong Lisa A. sold 1,198 shares, netting a total of over 139,701 in proceeds. Following the sale of shares at $116.61 each, the insider now holds 4,271 shares.
Before that, Stiers Mark W had sold 10,000 shares from its account. In a trade valued at $1,160,000, the Pres & COO-DTE Vantage & Trad. traded DTE Energy Co shares for $116.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.91 million.
Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of January 22, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for DTE. Earlier on January 16, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for DTE stock which previously was a “an Outperform”.
Analyzing DTE Stock Performance
During the last five days, there has been a drop of approximately -5.78%. Over the course of the year, DTE Energy Co shares have jumped approximately 6.15%. Shares of the company reached a 52-week high of $131.66 on 10/24/24 and a 52-week low of $102.17 on 01/24/24. A 50-day SMA is recorded $125.56, while a 200-day SMA reached $115.67. Nevertheless, trading volume fell to 3.75 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for DTE Energy Co (DTE)
According to the 24-hour chart, there is a support level at 114.03, which, if violated, would cause prices to drop to 111.02. In the upper region, resistance lies at 121.61. The next price resistance is at 126.18. RSI (Relative Strength Index) is 28.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.06, which suggests the price will decrease in the coming days. Percent R is at 90.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
