PG&E Corp’s filing revealed that its Director FLEXON ROBERT C acquired Company’s shares for reported $0.22 million on Dec 12 ’24. In the deal valued at $21.62 per share,10,000 shares were bought.
Then, Poppe Patricia K sold 55,555 shares, generating $1,147,766 in total proceeds. Upon selling the shares at $20.66, the Chief Executive Officer now owns 1,460,222 shares.
Before that, Poppe Patricia K bought 55,555 shares. PG&E Corp shares valued at $1,147,685 were divested by the Officer at a price of $20.66 per share.
Jefferies initiated its PG&E Corp [PCG] rating to a Buy in a research note published on October 14, 2024; the price target was $24. JP Morgan also remained covering PCG and has increased its forecast on June 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman started covering the stock on April 10, 2024. It rated PCG as “a Buy”.
Price Performance Review of PCG
On Monday, PG&E Corp [NYSE:PCG] saw its stock fall -2.65% to $19.86. Over the last five days, the stock has lost -1.39%. PG&E Corp shares have fallen nearly -1.59% since the year began. Nevertheless, the stocks have risen 12.14% over the past one year. While a 52-week high of $21.72 was reached on 01/06/25, a 52-week low of $15.94 was recorded on 01/06/25. SMA at 50 days reached $20.44, while 200 days put it at $18.84.
Levels Of Support And Resistance For PCG Stock
The 24-hour chart illustrates a support level at 19.62, which if violated will result in even more drops to 19.37. On the upside, there is a resistance level at 20.27. A further resistance level may holdings at 20.68. The Relative Strength Index (RSI) on the 14-day chart is 44.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.18%. Stochastics %K at 74.77% indicates the stock is a holding.
How much short interest is there in PG&E Corp?
A steep rise in short interest was recorded in PG&E Corp stocks on 2024-12-13, growing by 5.91 million shares to a total of 39.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 33.15 million shares. There was a rise of 15.14%, which implies that there is a positive sentiment for the stock.
