Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Xcel Energy, Inc shares valued at $121,440 were sold by Prager Frank P on Aug 16 ’24. At $59.50 per share, Prager Frank P sold 2,041 shares. The insider’s holdings dropped to 28,705 shares worth approximately $1.97 million following the completion of this transaction.
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Also, O’Connor Timothy John sold 17,563 shares, netting a total of over 979,471 in proceeds. Following the sale of shares at $55.77 each, the insider now holds 0 shares.
As published in a research note from Jefferies on November 01, 2024, Xcel Energy, Inc [XEL] has been rated up from a Hold to a Buy and the price target has been revised to $76 from $71. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September. As of August 26, 2024, Argus has increased its “Hold” rating to a “Buy” for XEL. Earlier on March 11, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for XEL stock which previously was a “a Peer perform”.
Analyzing XEL Stock Performance
During the last five days, there has been a surge of approximately 3.25%. Over the course of the year, Xcel Energy, Inc shares have jumped approximately 10.89%. Shares of the company reached a 52-week high of $69.35 on 11/12/24 and a 52-week low of $46.79 on 03/06/24. A 50-day SMA is recorded $64.52, while a 200-day SMA reached $57.79. Nevertheless, trading volume fell to 3.99 million shares from 5.34 million shares the previous day.
Support And Resistance Levels for Xcel Energy, Inc (XEL)
According to the 24-hour chart, there is a support level at 68.21, which, if violated, would cause prices to drop to 67.76. In the upper region, resistance lies at 69.02. The next price resistance is at 69.38. RSI (Relative Strength Index) is 69.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.43, which suggests the price will increase in the coming days. Percent R is at 10.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
