Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Firstenergy Corp shares valued at $264,601 were purchased by Walker Christine on Sep 12 ’24. At $44.10 per share, Walker Christine acquired 6,000 shares.
As published in a research note from Scotiabank on December 12, 2024, Firstenergy Corp [FE] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $50. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 14, 2024, Jefferies has initiated its “Hold” rating for FE. Earlier on September 20, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for FE stock which previously was a “a Hold”.
Analyzing FE Stock Performance
During the last five days, there has been a drop of approximately -2.47%. Over the course of the year, Firstenergy Corp shares have jumped approximately 9.98%. Shares of the company reached a 52-week high of $44.97 on 09/05/24 and a 52-week low of $35.41 on 02/08/24. A 50-day SMA is recorded $42.21, while a 200-day SMA reached $40.66. Nevertheless, trading volume fell to 2.71 million shares from 2.61 million shares the previous day.
Support And Resistance Levels for Firstenergy Corp (FE)
According to the 24-hour chart, there is a support level at 40.10, which, if violated, would cause prices to drop to 39.89. In the upper region, resistance lies at 40.68. The next price resistance is at 41.05. RSI (Relative Strength Index) is 34.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.09, which suggests the price will decrease in the coming days. Percent R is at 91.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
