The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sempra shares valued at $2,207,443 were sold by MIHALIK TREVOR I on Nov 20 ’24. At $93.09 per share, MIHALIK TREVOR I sold 23,713 shares. The insider’s holdings dropped to 11,190 shares worth approximately $0.98 million following the completion of this transaction.
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Also, MIHALIK TREVOR I purchased 23,713 shares, netting a total of over 2,214,320 in proceeds.
Before that, WALL PETER R had sold 6,100 shares from its account. In a trade valued at $457,927, the SVP, Controller and CAO traded Sempra shares for $75.07 each. Upon closing the transaction, the insider’s holdings decreased to 6,100 shares, worth approximately $1.3 million.
As published in a research note from Morgan Stanley on December 13, 2024, Sempra [SRE] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $98 from $85. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. Earlier on January 11, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for SRE stock which previously was a “a Market perform”.
Analyzing SRE Stock Performance
During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Sempra shares have jumped approximately 17.14%. Shares of the company reached a 52-week high of $95.77 on 11/25/24 and a 52-week low of $66.40 on 04/16/24. A 50-day SMA is recorded $88.53, while a 200-day SMA reached $79.71. Nevertheless, trading volume fell to 0.8 million shares from 2.7 million shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 87.10, which, if violated, would cause prices to drop to 86.23. In the upper region, resistance lies at 88.40. The next price resistance is at 88.83. RSI (Relative Strength Index) is 45.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 56.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
