Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MGE Energy, Inc shares valued at $35,480 were purchased by Berbee James G on Aug 23 ’24. At $87.36 per share, Berbee James G acquired 406 shares. The insider’s holdings grew to 10,295 shares worth approximately $1.08 million following the completion of this transaction.
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Also, Berbee James G purchased 58 shares, netting a total of over 4,497 in proceeds. Following the buying of shares at $78.00 each, the insider now holds 9,834 shares.
Before that, Berbee James G had added 458 shares to its account. In a trade valued at $37,606, the Director bought MGE Energy, Inc shares for $82.16 each. Upon closing the transaction, the insider’s holdings increased to 458 shares, worth approximately $1.02 million.
As published in a research note from Morgan Stanley on November 17, 2021, MGE Energy, Inc [MGEE] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $69 from $71. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of May 26, 2020, BofA/Merrill has initiated its “an Underperform” rating for MGEE. Earlier on November 25, 2015, Robert W. Baird initiated its rating. Their recommendation was “a Neutral” for MGEE stock.
Analyzing MGEE Stock Performance
During the last five days, there has been a surge of approximately 0.84%. Over the course of the year, MGE Energy, Inc shares have jumped approximately 44.88%. Shares of the company reached a 52-week high of $109.22 on 11/13/24 and a 52-week low of $61.94 on 03/01/24. A 50-day SMA is recorded $95.13, while a 200-day SMA reached $83.28. Nevertheless, trading volume fell to 0.1 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for MGE Energy, Inc (MGEE)
According to the 24-hour chart, there is a support level at 103.99, which, if violated, would cause prices to drop to 103.21. In the upper region, resistance lies at 105.55. The next price resistance is at 106.34. RSI (Relative Strength Index) is 65.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 38.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
