In a filing, Firstenergy Corp revealed its Officer Walker Christine acquired Company’s shares for reported $0.26 million on Sep 12 ’24. In the deal valued at $44.10 per share,6,000 shares were bought.
Scotiabank upgraded its Firstenergy Corp [FE] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Jefferies began covering FE with “Hold” recommendation on October 14, 2024. Argus revised its rating on September 20, 2024. It rated FE as “a Buy” which previously was an “a Hold”.
Price Performance Review of FE
On Tuesday, Firstenergy Corp [NYSE:FE] saw its stock jump 0.10% to $39.31. Over the last five days, the stock has lost -0.83%. Firstenergy Corp shares have fallen nearly -1.18% since the year began. Nevertheless, the stocks have risen 3.09% over the past one year. While a 52-week high of $44.97 was reached on 01/03/25, a 52-week low of $35.41 was recorded on 01/06/25. SMA at 50 days reached $41.04, while 200 days put it at $40.81.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 39.11, which if violated will result in even more drops to 38.90. On the upside, there is a resistance level at 39.59. A further resistance level may holdings at 39.86. The Relative Strength Index (RSI) on the 14-day chart is 34.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.99%. Stochastics %K at 43.00% indicates the stock is a holding.
How much short interest is there in Firstenergy Corp?
A steep rise in short interest was recorded in Firstenergy Corp stocks on 2024-12-13, growing by 0.36 million shares to a total of 10.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.42 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $45 price target.
