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. Firstenergy Corp shares valued at $264,601 were purchased by Walker Christine on Sep 12 ’24. At $44.10 per share, Walker Christine acquired 6,000 shares.
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Also, Walker Christine sold 12,500 shares, netting a total of over 469,781 in proceeds. Following the sale of shares at $37.58 each, the insider now holds 36,959 shares.
As published in a research note from Seaport Research Partners on October 31, 2024, Firstenergy Corp [FE] has been rated down from a Buy to a Neutral. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. As of September 20, 2024, Argus has increased its “Hold” rating to a “Buy” for FE. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for FE stock.
Analyzing FE Stock Performance
During the last five days, there has been a drop of approximately -0.97%. Over the course of the year, Firstenergy Corp shares have jumped approximately 11.37%. Shares of the company reached a 52-week high of $44.97 on 09/05/24 and a 52-week low of $35.41 on 02/08/24. A 50-day SMA is recorded $43.18, while a 200-day SMA reached $40.22. Nevertheless, trading volume fell to 3.41 million shares from 3.73 million shares the previous day.
Support And Resistance Levels for Firstenergy Corp (FE)
According to the 24-hour chart, there is a support level at 40.64, which, if violated, would cause prices to drop to 40.44. In the upper region, resistance lies at 41.16. The next price resistance is at 41.48. RSI (Relative Strength Index) is 31.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 98.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
