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XEL (Xcel Energy, Inc) may reap gains as insiders became active recently

Xcel Energy, Inc’s recently made public that its SVP, Strategy and External Aff Prager Frank P unloaded Company’s shares for reported $0.12 million on Aug 16 ’24. In the deal valued at $59.50 per share,2,041 shares were sold. As a result of this transaction, Prager Frank P now holds 28,705 shares worth roughly $2.08 million.

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Then, O’Connor Timothy John sold 17,563 shares, generating $979,471 in total proceeds. Upon selling the shares at $55.77, the EVP, Chief Operations Officer now owns 0 shares.

Jefferies upgraded its Xcel Energy, Inc [XEL] rating to a Buy from a a Hold in a research note published on November 01, 2024; the price target was increased to $76 from $71. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Argus also remained covering XEL and has increased its forecast on August 26, 2024 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research revised its rating on March 11, 2024. It rated XEL as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of XEL

On Friday, Xcel Energy, Inc [NASDAQ:XEL] saw its stock fall -0.49% to $72.56. Over the last five days, the stock has gained 1.65%. Xcel Energy, Inc shares have risen nearly 17.20% since the year began. Nevertheless, the stocks have risen 20.93% over the past one year. While a 52-week high of $73.38 was reached on 11/27/24, a 52-week low of $46.79 was recorded on 03/06/24. SMA at 50 days reached $66.06, while 200 days put it at $58.45.

Levels Of Support And Resistance For XEL Stock

The 24-hour chart illustrates a support level at 72.33, which if violated will result in even more drops to 72.09. On the upside, there is a resistance level at 72.94. A further resistance level may holdings at 73.31. The Relative Strength Index (RSI) on the 14-day chart is 77.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.07%. Stochastics %K at 91.41% indicates the stock is a selling.

How much short interest is there in Xcel Energy, Inc?

A steep rise in short interest was recorded in Xcel Energy, Inc stocks on 2024-11-15, growing by 0.64 million shares to a total of 8.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.87 million shares. There was a rise of 7.57%, which implies that there is a positive sentiment for the stock.

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