Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PPL Corp shares valued at $314,680 were sold by Crockett John R III on Nov 21 ’24. At $34.35 per share, Crockett John R III sold 9,161 shares. The insider’s holdings dropped to 12,434 shares worth approximately $0.42 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Crockett John R III purchased 9,161 shares, netting a total of over 314,680 in proceeds.
Before that, Henninger Tadd J had sold 4,782 shares from its account. In a trade valued at $151,781, the SVP-Finance and Treasurer traded PPL Corp shares for $31.74 each. Upon closing the transaction, the insider’s holdings decreased to 4,782 shares, worth approximately $0.38 million.
As published in their initiating research note from JP Morgan on October 25, 2024, PPL Corp [PPL] has been an Overweight and the price target has been revised to $37. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of March 08, 2024, Argus has increased its “Hold” rating to a “Buy” for PPL. Earlier on October 04, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for PPL stock which previously was a “a Buy”.
Analyzing PPL Stock Performance
During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, PPL Corp shares have jumped approximately 25.54%. Shares of the company reached a 52-week high of $35.15 on 11/29/24 and a 52-week low of $25.35 on 02/08/24. A 50-day SMA is recorded $33.05, while a 200-day SMA reached $29.86. Nevertheless, trading volume fell to 2.98 million shares from 32955.0 shares the previous day.
Support And Resistance Levels for PPL Corp (PPL)
According to the 24-hour chart, there is a support level at 33.81, which, if violated, would cause prices to drop to 33.59. In the upper region, resistance lies at 34.30. The next price resistance is at 34.57. RSI (Relative Strength Index) is 53.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 57.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
