In a filing, Firstenergy Corp revealed its Officer Walker Christine acquired Company’s shares for reported $0.26 million on Sep 12 ’24. In the deal valued at $44.10 per share,6,000 shares were bought.
Seaport Research Partners downgraded its Firstenergy Corp [FE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. Argus also remained covering FE and has increased its forecast on September 20, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman started covering the stock on April 10, 2024. It rated FE as “a Buy”.
Price Performance Review of FE
On Tuesday, Firstenergy Corp [NYSE:FE] saw its stock fall -0.46% to $41.40. Over the last five days, the stock has lost -1.55%. Firstenergy Corp shares have risen nearly 12.93% since the year began. Nevertheless, the stocks have risen 10.81% over the past one year. While a 52-week high of $44.97 was reached on 09/05/24, a 52-week low of $35.41 was recorded on 02/08/24. SMA at 50 days reached $42.67, while 200 days put it at $40.53.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 41.22, which if violated will result in even more drops to 41.04. On the upside, there is a resistance level at 41.75. A further resistance level may holdings at 42.10. The Relative Strength Index (RSI) on the 14-day chart is 41.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.52%. Stochastics %K at 53.70% indicates the stock is a holding.
How much short interest is there in Firstenergy Corp?
A steep rise in short interest was recorded in Firstenergy Corp stocks on 2024-11-15, dropping by -0.54 million shares to a total of 10.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.96 million shares. There was a decline of -5.19%, 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 $37 price target.
