Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sempra shares valued at $2,207,443 were sold by MIHALIK TREVOR I on Nov 20 ’24. At $93.09 per share, MIHALIK TREVOR I sold 23,713 shares. The insider’s holdings dropped to 11,190 shares worth approximately $1.02 million following the completion of this transaction.
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Also, MIHALIK TREVOR I purchased 23,713 shares, netting a total of over 2,214,320 in proceeds.
Before that, WALL PETER R had sold 6,100 shares from its account. In a trade valued at $457,927, the SVP, Controller and CAO traded Sempra shares for $75.07 each. Upon closing the transaction, the insider’s holdings decreased to 6,100 shares, worth approximately $1.34 million.
As published in their initiating research note from Jefferies on October 24, 2024, Sempra [SRE] has been a Buy and the price target has been revised to $98. As of January 11, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for SRE. Earlier on January 03, 2024, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for SRE stock.
Analyzing SRE Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Sempra shares have jumped approximately 21.69%. Shares of the company reached a 52-week high of $95.77 on 11/25/24 and a 52-week low of $66.40 on 04/16/24. A 50-day SMA is recorded $87.19, while a 200-day SMA reached $78.62. Nevertheless, trading volume fell to 3.89 million shares from 66000.0 shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 90.58, which, if violated, would cause prices to drop to 90.22. In the upper region, resistance lies at 91.55. The next price resistance is at 92.16. RSI (Relative Strength Index) is 51.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.60, which suggests the price will decrease in the coming days. Percent R is at 87.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
