Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Public Service Enterprise Group Inc shares valued at $121,917 were sold by LaRossa Ralph A on Nov 01 ’24. At $88.47 per share, LaRossa Ralph A sold 1,378 shares. The insider’s holdings dropped to 146,136 shares worth approximately $12.31 million following the completion of this transaction.
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Also, Linde Tamara Louise sold 9,564 shares, netting a total of over 866,594 in proceeds. Following the sale of shares at $90.61 each, the insider now holds 48,397 shares.
Before that, Linde Tamara Louise had added 9,564 shares to its account. In a trade valued at $866,594, the Officer bought Public Service Enterprise Group Inc shares for $90.61 each.
As published in their initiating research note from Jefferies on September 13, 2024, Public Service Enterprise Group Inc [PEG] has been a Hold and the price target has been revised to $85. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of January 22, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for PEG. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for PEG stock.
Analyzing PEG Stock Performance
During the last five days, there has been a drop of approximately -5.79%. Over the course of the year, Public Service Enterprise Group Inc shares have jumped approximately 37.74%. Shares of the company reached a 52-week high of $92.20 on 10/03/24 and a 52-week low of $56.85 on 01/24/24. A 50-day SMA is recorded $86.69, while a 200-day SMA reached $74.23. Nevertheless, trading volume fell to 2.63 million shares from 2.76 million shares the previous day.
Support And Resistance Levels for Public Service Enterprise Group Inc (PEG)
According to the 24-hour chart, there is a support level at 83.60, which, if violated, would cause prices to drop to 82.98. In the upper region, resistance lies at 84.90. The next price resistance is at 85.57. RSI (Relative Strength Index) is 40.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.78, which suggests the price will decrease in the coming days. Percent R is at 68.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
