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Examining the Potential Price Growth of Duke Energy Corp (DUK)

In a filing, Duke Energy Corp revealed its EVP, Chief Corporate Affairs Renjel Louis E. unloaded Company’s shares for reported $44592.0 on Nov 15 ’24. In the deal valued at $111.48 per share,400 shares were sold. As a result of this transaction, Renjel Louis E. now holds 19,484 shares worth roughly $2.1 million.

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Then, Glenn Robert Alexander sold 15,002 shares, generating $1,646,245 in total proceeds. Upon selling the shares at $109.74, the EVP & CEO DEF & Midwest now owns 9,987 shares.

Before that, Renjel Louis E. bought 400 shares. Duke Energy Corp shares valued at $44,592 were divested by the Officer at a price of $111.48 per share.

KeyBanc Capital Markets downgraded its Duke Energy Corp [DUK] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “an Outperform”. Jefferies began covering DUK with “Buy” recommendation on September 20, 2024. BofA Securities revised its rating on February 12, 2024. It rated DUK as “a Neutral” which previously was an “a Buy”.

Price Performance Review of DUK

On Tuesday, Duke Energy Corp [NYSE:DUK] saw its stock jump 0.42% to $107.89. Over the last five days, the stock has lost -2.90%. Duke Energy Corp shares have risen nearly 11.18% since the year began. Nevertheless, the stocks have risen 11.65% over the past one year. While a 52-week high of $121.25 was reached on 10/21/24, a 52-week low of $90.09 was recorded on 03/01/24. SMA at 50 days reached $114.13, while 200 days put it at $107.07.

Levels Of Support And Resistance For DUK Stock

The 24-hour chart illustrates a support level at 106.88, which if violated will result in even more drops to 105.87. On the upside, there is a resistance level at 108.55. A further resistance level may holdings at 109.21. The Relative Strength Index (RSI) on the 14-day chart is 31.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.71%. Stochastics %K at 4.83% indicates the stock is a buying.

How much short interest is there in Duke Energy Corp?

A steep rise in short interest was recorded in Duke Energy Corp stocks on 2024-11-29, growing by 0.56 million shares to a total of 10.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.46 million shares. There was a rise of 5.59%, which implies that there is a positive sentiment for the stock.

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