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Taking a look at what insiders are doing to gauge the Oge Energy Corp (OGE)’s direction

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Oge Energy Corp shares valued at $99,980 were purchased by William Bryan Buckler on Nov 13 ’24. At $42.97 per share, William Bryan Buckler acquired 2,327 shares.

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Also, McQuistion Cristina F sold 5,008 shares, netting a total of over 214,522 in proceeds. Following the sale of shares at $42.84 each, the insider now holds 20,918 shares.

Before that, McQuistion Cristina F had added 5,008 shares to its account. In a trade valued at $216,896, the Officer bought Oge Energy Corp shares for $43.31 each.

As published in their initiating research note from Jefferies on September 20, 2024, Oge Energy Corp [OGE] has been a Buy and the price target has been revised to $46. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late May. As of April 22, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for OGE. Earlier on January 16, 2024, Ladenburg Thalmann downgraded its rating. Their new recommendation was “a Neutral” for OGE stock which previously was a “a Buy”.

Analyzing OGE Stock Performance

During the last five days, there has been a drop of approximately -3.64%. Over the course of the year, Oge Energy Corp shares have jumped approximately 16.00%. Shares of the company reached a 52-week high of $44.41 on 11/27/24 and a 52-week low of $32.06 on 02/13/24. A 50-day SMA is recorded $41.82, while a 200-day SMA reached $38.02. Nevertheless, trading volume fell to 0.98 million shares from 1.02 million shares the previous day.

Support And Resistance Levels for Oge Energy Corp (OGE)

According to the 24-hour chart, there is a support level at 40.07, which, if violated, would cause prices to drop to 39.62. In the upper region, resistance lies at 41.40. The next price resistance is at 42.28. RSI (Relative Strength Index) is 32.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 99.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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