Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PG&E Corp shares valued at $1,147,766 were sold by Poppe Patricia K on Dec 02 ’24. At $20.66 per share, Poppe Patricia K sold 55,555 shares. The insider’s holdings dropped to 1,460,222 shares worth approximately $29.96 million following the completion of this transaction.
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Also, Poppe Patricia K purchased 55,555 shares, netting a total of over 1,147,685 in proceeds.
Before that, Williams Stephanie N had sold 38,601 shares from its account. In a trade valued at $707,170, the VP and Controller traded PG&E Corp shares for $18.32 each. Upon closing the transaction, the insider’s holdings decreased to 38,601 shares, worth approximately $0.39 million.
As published in their initiating research note from Jefferies on October 14, 2024, PG&E Corp [PCG] has been a Buy and the price target has been revised to $24. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for PCG. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for PCG stock.
Analyzing PCG Stock Performance
During the last five days, there has been a drop of approximately -4.60%. Over the course of the year, PG&E Corp shares have jumped approximately 13.81%. Shares of the company reached a 52-week high of $21.72 on 11/29/24 and a 52-week low of $15.94 on 02/13/24. A 50-day SMA is recorded $20.45, while a 200-day SMA reached $18.47. Nevertheless, trading volume fell to 36.16 million shares from 6.61 million shares the previous day.
Support And Resistance Levels for PG&E Corp (PCG)
According to the 24-hour chart, there is a support level at 20.29, which, if violated, would cause prices to drop to 20.07. In the upper region, resistance lies at 20.87. The next price resistance is at 21.23. RSI (Relative Strength Index) is 44.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 73.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
