Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eversource Energy shares valued at $1,944,418 were purchased by Carmody Christine M on Sep 26 ’24. At $65.99 per share, Carmody Christine M acquired 29,467 shares.
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Also, NOVA DANIEL J purchased 125 shares, netting a total of over 7,366 in proceeds. Following the buying of shares at $58.93 each, the insider now holds 100 shares.
Before that, NOVA DANIEL J had added 125 shares to its account. In a trade valued at $7,074, the Trustee bought Eversource Energy shares for $56.59 each. Upon closing the transaction, the insider’s holdings increased to 125 shares, worth approximately $12358.0.
As published in their initiating research note from Jefferies on December 03, 2024, Eversource Energy [ES] has been an Underperform and the price target has been revised to $52. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of April 10, 2024, Goldman has initiated its “Buy” rating for ES. Earlier on April 04, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for ES stock which previously was a “a Neutral”.
Analyzing ES Stock Performance
During the last five days, there has been a drop of approximately -2.82%. Over the course of the year, Eversource Energy shares have jumped approximately 0.11%. Shares of the company reached a 52-week high of $69.01 on 09/05/24 and a 52-week low of $52.09 on 01/23/24. A 50-day SMA is recorded $64.12, while a 200-day SMA reached $61.97. Nevertheless, trading volume fell to 2.83 million shares from 83424.0 shares the previous day.
Support And Resistance Levels for Eversource Energy (ES)
According to the 24-hour chart, there is a support level at 60.98, which, if violated, would cause prices to drop to 60.18. In the upper region, resistance lies at 62.68. The next price resistance is at 63.58. RSI (Relative Strength Index) is 42.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 75.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
