While this happened, Barclays initiated its Pembina Pipeline Corporation [PBA] rating to an Overweight in a research note published recently. UBS began covering PBA with “Neutral” recommendation on September 11, 2024. Citigroup started covering the stock on October 05, 2023. It rated PBA as “a Neutral”.
Price Performance Review of PBA
On Friday, Pembina Pipeline Corporation [NYSE:PBA] saw its stock fall -0.65% to $38.35. Over the last five days, the stock has lost -2.76%. Pembina Pipeline Corporation shares have risen nearly 11.42% since the year began. Nevertheless, the stocks have risen 12.17% over the past one year. While a 52-week high of $43.44 was reached on 11/22/24, a 52-week low of $32.39 was recorded on 02/13/24. SMA at 50 days reached $41.59, while 200 days put it at $38.44.
Levels Of Support And Resistance For PBA Stock
The 24-hour chart illustrates a support level at 38.10, which if violated will result in even more drops to 37.85. On the upside, there is a resistance level at 38.56. A further resistance level may holdings at 38.77. The Relative Strength Index (RSI) on the 14-day chart is 26.79, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.98%. Stochastics %K at 3.97% indicates the stock is a buying.
How much short interest is there in Pembina Pipeline Corporation?
A steep rise in short interest was recorded in Pembina Pipeline Corporation stocks on 2024-11-29, growing by 0.21 million shares to a total of 4.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.45 million shares. There was a rise of 4.54%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 22, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating .
