PPL Corp’s recent filing unveils that its President of a PPL Subsidiary Crockett John R III unloaded Company’s shares for reported $0.31 million on Nov 21 ’24. In the deal valued at $34.35 per share,9,161 shares were sold. As a result of this transaction, Crockett John R III now holds 12,434 shares worth roughly $0.43 million.
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Then, Crockett John R III bought 9,161 shares, generating $314,680 in total proceeds.
Before that, Henninger Tadd J sold 4,782 shares. PPL Corp shares valued at $151,781 were divested by the SVP-Finance and Treasurer at a price of $31.74 per share. As a result of the transaction, Henninger Tadd J now holds 11,209 shares, worth roughly $0.39 million.
JP Morgan initiated its PPL Corp [PPL] rating to an Overweight in a research note published on October 25, 2024; the price target was $37. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Argus also remained covering PPL and has increased its forecast on March 08, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS revised its rating on October 04, 2023. It rated PPL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PPL
On Tuesday, PPL Corp [NYSE:PPL] saw its stock jump 1.28% to $34.84. Over the last five days, the stock has gained 2.05%. PPL Corp shares have risen nearly 28.56% since the year began. Nevertheless, the stocks have risen 32.77% over the past one year. While a 52-week high of $35.00 was reached on 11/22/24, a 52-week low of $25.35 was recorded on 02/08/24. SMA at 50 days reached $32.83, while 200 days put it at $29.65.
Levels Of Support And Resistance For PPL Stock
The 24-hour chart illustrates a support level at 34.52, which if violated will result in even more drops to 34.20. On the upside, there is a resistance level at 35.01. A further resistance level may holdings at 35.17. The Relative Strength Index (RSI) on the 14-day chart is 66.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.52%. Stochastics %K at 85.36% indicates the stock is a selling.
How much short interest is there in PPL Corp?
A steep rise in short interest was recorded in PPL Corp stocks on 2024-11-15, dropping by -0.67 million shares to a total of 15.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 15.76 million shares. There was a decline of -4.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $26 price target.
