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 $518,883 were sold by Thigpen Richard T on Nov 11 ’24. At $87.95 per share, Thigpen Richard T sold 5,900 shares. The insider’s holdings dropped to 25,829 shares worth approximately $2.25 million following the completion of this transaction.
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Also, Thigpen Richard T purchased 5,900 shares, netting a total of over 518,883 in proceeds.
Before that, LaRossa Ralph A had sold 1,378 shares from its account. In a trade valued at $121,917, the Chair, President and CEO traded Public Service Enterprise Group Inc shares for $88.47 each. Upon closing the transaction, the insider’s holdings decreased to 1,378 shares, worth approximately $12.71 million.
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 surge of approximately 3.29%. Over the course of the year, Public Service Enterprise Group Inc shares have jumped approximately 42.27%. 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 $87.32, while a 200-day SMA reached $74.96. Nevertheless, trading volume fell to 1.66 million shares from 2.37 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 86.35, which, if violated, would cause prices to drop to 85.70. In the upper region, resistance lies at 87.73. The next price resistance is at 88.46. RSI (Relative Strength Index) is 49.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 39.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
