Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PG&E Corp shares valued at $216,250 were purchased by FLEXON ROBERT C on Dec 12 ’24. At $21.62 per share, FLEXON ROBERT C acquired 10,000 shares.
Also, Poppe Patricia K sold 55,555 shares, netting a total of over 1,147,766 in proceeds. Following the sale of shares at $20.66 each, the insider now holds 1,460,222 shares.
Before that, Poppe Patricia K had added 55,555 shares to its account. In a trade valued at $1,147,685, the Officer bought PG&E Corp shares for $20.66 each.
As published in their initiating research note from Jefferies on October 14, 2024, PG&E Corp [PCG] has been a Buy and the price target has been revised to $24. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for PCG. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for PCG stock.
Analyzing PCG Stock Performance
During the last five days, there has been a drop of approximately -1.04%. Over the course of the year, PG&E Corp shares have dropped approximately -0.84%. Shares of the company reached a 52-week high of $20.34 on 01/02/25 and a 52-week low of $19.87 on 01/02/25. A 50-day SMA is recorded $20.46, while a 200-day SMA reached $18.80. Nevertheless, trading volume fell to 11.06 million shares from 8.94 million shares the previous day.
Support And Resistance Levels for PG&E Corp (PCG)
According to the 24-hour chart, there is a support level at 19.81, which, if violated, would cause prices to drop to 19.61. In the upper region, resistance lies at 20.28. The next price resistance is at 20.54. RSI (Relative Strength Index) is 46.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 28.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
