In a filing, PG&E Corp revealed its VP and Controller Williams Stephanie N unloaded Company’s shares for reported $0.71 million on Aug 15 ’24. In the deal valued at $18.32 per share,38,601 shares were sold. As a result of this transaction, Williams Stephanie N now holds 19,114 shares worth roughly $0.41 million.
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Then, Williams Stephanie N bought 38,601 shares, generating $707,148 in total proceeds.
Before that, Poppe Patricia K sold 59,000 shares. PG&E Corp shares valued at $1,007,720 were divested by the Chief Executive Officer at a price of $17.08 per share. As a result of the transaction, Poppe Patricia K now holds 1,515,777 shares, worth roughly $32.12 million.
Jefferies initiated its PG&E Corp [PCG] rating to a Buy in a research note published on October 14, 2024; the price target was $24. JP Morgan also remained covering PCG and has increased its forecast on June 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman started covering the stock on April 10, 2024. It rated PCG as “a Buy”.
Price Performance Review of PCG
On Tuesday, PG&E Corp [NYSE:PCG] saw its stock jump 0.47% to $21.19. Over the last five days, the stock has gained 4.69%. PG&E Corp shares have risen nearly 17.53% since the year began. Nevertheless, the stocks have risen 26.28% over the past one year. While a 52-week high of $21.15 was reached on 11/12/24, a 52-week low of $15.94 was recorded on 02/13/24. SMA at 50 days reached $20.08, while 200 days put it at $18.13.
Levels Of Support And Resistance For PCG Stock
The 24-hour chart illustrates a support level at 21.04, which if violated will result in even more drops to 20.90. On the upside, there is a resistance level at 21.32. A further resistance level may holdings at 21.45. The Relative Strength Index (RSI) on the 14-day chart is 69.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.28%. Stochastics %K at 86.45% indicates the stock is a selling.
How much short interest is there in PG&E Corp?
A steep rise in short interest was recorded in PG&E Corp stocks on 2024-10-15, dropping by -16.09 million shares to a total of 34.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 50.71 million shares. There was a decline of -46.45%, which implies that there is a negative sentiment for the stock.
