Talen Energy Corp’s filing revealed that its 10% Owner Rubric Capital Management LP unloaded Company’s shares for reported $1000.0 million on Dec 13 ’24. In the deal valued at $204.35 per share,4,893,507 shares were sold. As a result of this transaction, Rubric Capital Management LP now holds 6,475,107 shares worth roughly $1.4 billion.
Daiwa Securities initiated its Talen Energy Corp [TLN] rating to a Buy in a research note published on December 04, 2024; the price target was $248. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. RBC Capital Mkts began covering TLN with “an Outperform” recommendation on September 26, 2024. UBS started covering the stock on September 18, 2024. It rated TLN as “a Buy”.
Price Performance Review of TLN
On Friday, Talen Energy Corp [NASDAQ:TLN] saw its stock jump 1.58% to $215.59. Over the last five days, the stock has gained 4.46%. Talen Energy Corp shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 236.81% over the past one year. While a 52-week high of $230.89 was reached on 01/03/25, a 52-week low of $60.51 was recorded on 01/02/25. SMA at 50 days reached $202.48, while 200 days put it at $145.37.
Levels Of Support And Resistance For TLN Stock
The 24-hour chart illustrates a support level at 211.90, which if violated will result in even more drops to 208.20. On the upside, there is a resistance level at 219.89. A further resistance level may holdings at 224.18. The Relative Strength Index (RSI) on the 14-day chart is 59.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.52%. Stochastics %K at 72.15% indicates the stock is a holding.
How much short interest is there in Talen Energy Corp?
A steep rise in short interest was recorded in Talen Energy Corp stocks on 2024-10-31, dropping by 4323.0 shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.53 million shares. There was a decline of -0.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $226 price target.
