Public Service Enterprise Group Inc’s recent filing unveils that its Chair, President and CEO LaRossa Ralph A unloaded Company’s shares for reported $0.12 million on Jan 02 ’25. In the deal valued at $84.91 per share,1,378 shares were sold. As a result of this transaction, LaRossa Ralph A now holds 144,212 shares worth roughly $12.44 million.
Then, LaRossa Ralph A sold 1,378 shares, generating $128,094 in total proceeds. Upon selling the shares at $92.96, the Chair, President and CEO now owns 145,590 shares.
Before that, Ralph A. LaRossa bought 4,134 shares. Public Service Enterprise Group Inc shares valued at $389,836 were divested by the Affiliate at a price of $94.30 per share.
Jefferies initiated its Public Service Enterprise Group Inc [PEG] rating to a Hold in a research note published on September 13, 2024; the price target was $85. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Guggenheim also remained covering PEG and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated PEG as “an Overweight”.
Price Performance Review of PEG
On Friday, Public Service Enterprise Group Inc [NYSE:PEG] saw its stock jump 1.35% to $86.25. Over the last five days, the stock has gained 1.00%. Public Service Enterprise Group Inc shares have risen nearly 2.08% since the year began. Nevertheless, the stocks have risen 39.54% over the past one year. While a 52-week high of $95.22 was reached on 01/03/25, a 52-week low of $56.85 was recorded on 01/02/25. SMA at 50 days reached $87.92, while 200 days put it at $79.39.
Levels Of Support And Resistance For PEG Stock
The 24-hour chart illustrates a support level at 85.13, which if violated will result in even more drops to 84.00. On the upside, there is a resistance level at 87.07. A further resistance level may holdings at 87.88. The Relative Strength Index (RSI) on the 14-day chart is 48.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.41%. Stochastics %K at 63.93% indicates the stock is a holding.
How much short interest is there in Public Service Enterprise Group Inc?
A steep rise in short interest was recorded in Public Service Enterprise Group Inc stocks on 2024-12-13, dropping by -0.91 million shares to a total of 4.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.32 million shares. There was a decline of -20.63%, which implies that there is a negative sentiment for the stock.
