In a filing, Portland General Electric Co revealed its Sr. Vice President Bekkedahl Larry Neal unloaded Company’s shares for reported $94340.0 on Nov 06 ’24. In the deal valued at $47.17 per share,2,000 shares were sold. As a result of this transaction, Bekkedahl Larry Neal now holds 26,765 shares worth roughly $1.17 million.
Then, Bekkedahl Larry Neal bought 2,000 shares, generating $94,364 in total proceeds.
Before that, Felton Benjamin bought 11 shares. Portland General Electric Co shares valued at $522 were divested by the EVP, COO at a price of $47.48 per share. As a result of the transaction, Felton Benjamin now holds 30,153 shares, worth roughly $1.31 million.
Evercore ISI initiated its Portland General Electric Co [POR] rating to an Outperform in a research note published on September 25, 2024; the price target was $54. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Barclays also remained covering POR and has decreased its forecast on September 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of POR
On Monday, Portland General Electric Co [NYSE:POR] saw its stock jump 0.05% to $43.54. Over the last five days, the stock has lost -1.11%. Portland General Electric Co shares have risen nearly 0.46% since the year began. Nevertheless, the stocks have risen 0.23% over the past one year. While a 52-week high of $49.85 was reached on 10/25/24, a 52-week low of $39.13 was recorded on 02/08/24. SMA at 50 days reached $46.44, while 200 days put it at $45.27.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 43.21, which if violated will result in even more drops to 42.88. On the upside, there is a resistance level at 43.76. A further resistance level may holdings at 43.98. The Relative Strength Index (RSI) on the 14-day chart is 29.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 14.38% indicates the stock is a buying.
How much short interest is there in Portland General Electric Co?
A steep rise in short interest was recorded in Portland General Electric Co stocks on 2024-12-13, dropping by -0.86 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.98 million shares. There was a decline of -27.59%, which implies that there is a negative sentiment for the stock.
