Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Public Service Enterprise Group Inc shares valued at $128,094 were sold by LaRossa Ralph A on Dec 02 ’24. At $92.96 per share, LaRossa Ralph A sold 1,378 shares. The insider’s holdings dropped to 145,590 shares worth approximately $12.3 million following the completion of this transaction.
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Also, Ralph A. LaRossa purchased 4,134 shares, netting a total of over 389,836 in proceeds.
Before that, Hanemann Kim C had sold 956 shares from its account. In a trade valued at $86,116, the President and COO – PSE&G traded Public Service Enterprise Group Inc shares for $90.09 each. Upon closing the transaction, the insider’s holdings decreased to 956 shares, worth approximately $0.0.
As published in their initiating research note from Jefferies on September 13, 2024, Public Service Enterprise Group Inc [PEG] has been a Hold and the price target has been revised to $85. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of January 22, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for PEG. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for PEG stock.
Analyzing PEG Stock Performance
During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, Public Service Enterprise Group Inc shares have jumped approximately 38.17%. Shares of the company reached a 52-week high of $95.22 on 11/27/24 and a 52-week low of $56.85 on 01/24/24. A 50-day SMA is recorded $88.10, while a 200-day SMA reached $79.17. Nevertheless, trading volume fell to 1.74 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Public Service Enterprise Group Inc (PEG)
According to the 24-hour chart, there is a support level at 84.01, which, if violated, would cause prices to drop to 83.53. In the upper region, resistance lies at 84.96. The next price resistance is at 85.43. RSI (Relative Strength Index) is 39.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 52.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
