Centerpoint Energy Inc’s recently made public that its Director Smitherman Barry T unloaded Company’s shares for reported $0.17 million on May 03 ’24. In the deal valued at $29.42 per share,5,670 shares were sold. As a result of this transaction, Smitherman Barry T now holds 21,203 shares worth roughly $0.67 million.
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UBS upgraded its Centerpoint Energy Inc [CNP] rating to a Buy from a a Neutral in a research note published on December 03, 2024; the price target was increased to $37 from $31. Wells Fargo also remained covering CNP and has decreased its forecast on August 13, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets revised its rating on August 02, 2024. It rated CNP as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of CNP
On Tuesday, Centerpoint Energy Inc [NYSE:CNP] saw its stock jump 0.06% to $31.38. Over the last five days, the stock has lost -2.33%. Centerpoint Energy Inc shares have risen nearly 9.84% since the year began. Nevertheless, the stocks have risen 9.07% over the past one year. While a 52-week high of $33.00 was reached on 12/03/24, a 52-week low of $25.41 was recorded on 08/15/24. SMA at 50 days reached $30.47, while 200 days put it at $29.09.
Levels Of Support And Resistance For CNP Stock
The 24-hour chart illustrates a support level at 30.92, which if violated will result in even more drops to 30.45. On the upside, there is a resistance level at 31.69. A further resistance level may holdings at 31.99. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.32%. Stochastics %K at 29.04% indicates the stock is a holding.
How much short interest is there in Centerpoint Energy Inc?
A steep rise in short interest was recorded in Centerpoint Energy Inc stocks on 2024-11-29, growing by 10337.0 shares to a total of 18.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.19 million shares. There was a rise of 0.06%, which implies that there is a positive sentiment for the stock.
