Public Service Enterprise Group Inc’s filing revealed that its SVP Corporate Citizenship Thigpen Richard T unloaded Company’s shares for reported $0.52 million on Nov 11 ’24. In the deal valued at $87.95 per share,5,900 shares were sold. As a result of this transaction, Thigpen Richard T now holds 25,829 shares worth roughly $2.31 million.
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Then, Thigpen Richard T bought 5,900 shares, generating $518,883 in total proceeds.
Before that, LaRossa Ralph A sold 1,378 shares. Public Service Enterprise Group Inc shares valued at $121,917 were divested by the Chair, President and CEO at a price of $88.47 per share. As a result of the transaction, LaRossa Ralph A now holds 146,136 shares, worth roughly $13.07 million.
Jefferies initiated its Public Service Enterprise Group Inc [PEG] rating to a Hold in a research note published on September 13, 2024; the price target was $85. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Guggenheim also remained covering PEG and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated PEG as “an Overweight”.
Price Performance Review of PEG
On Monday, Public Service Enterprise Group Inc [NYSE:PEG] saw its stock jump 0.49% to $89.43. Over the last five days, the stock has gained 1.69%. Public Service Enterprise Group Inc shares have risen nearly 46.25% since the year began. Nevertheless, the stocks have risen 40.92% over the past one year. While a 52-week high of $92.20 was reached on 10/03/24, a 52-week low of $56.85 was recorded on 01/24/24. SMA at 50 days reached $87.68, while 200 days put it at $75.26.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 88.56, which if violated will result in even more drops to 87.69. On the upside, there is a resistance level at 90.25. A further resistance level may holdings at 91.07. The Relative Strength Index (RSI) on the 14-day chart is 56.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.42%. Stochastics %K at 80.69% indicates the stock is a selling.
How much short interest is there in Public Service Enterprise Group Inc?
A steep rise in short interest was recorded in Public Service Enterprise Group Inc stocks on 2024-10-31, dropping by -1.01 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.54 million shares. There was a decline of -18.31%, which implies that there is a negative sentiment for the stock.
