Portland General Electric Co’s recently made public that its Sr. Vice President Bekkedahl Larry Neal unloaded Company’s shares for reported $94340.0 on Nov 06 ’24. In the deal valued at $47.17 per share,2,000 shares were sold. As a result of this transaction, Bekkedahl Larry Neal now holds 26,765 shares worth roughly $1.09 million.
Then, Bekkedahl Larry Neal bought 2,000 shares, generating $94,364 in total proceeds.
Before that, Felton Benjamin bought 11 shares. Portland General Electric Co shares valued at $522 were divested by the EVP, COO at a price of $47.48 per share. As a result of the transaction, Felton Benjamin now holds 30,153 shares, worth roughly $1.22 million.
UBS downgraded its Portland General Electric Co [POR] rating to a Neutral from a a Buy in a research note published on January 03, 2025; the price target was decreased to $47 from $52. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Jefferies began covering POR with “Hold” recommendation on September 20, 2024. Barclays revised its rating on September 18, 2024. It rated POR as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of POR
On Friday, Portland General Electric Co [NYSE:POR] saw its stock fall -4.94% to $40.56. Over the last five days, the stock has lost -6.13%. Portland General Electric Co shares have fallen nearly -7.02% since the year began. Nevertheless, the stocks have fallen -7.42% over the past one year. While a 52-week high of $49.85 was reached on 01/02/25, a 52-week low of $39.13 was recorded on 01/10/25. SMA at 50 days reached $45.59, while 200 days put it at $45.33.
Levels Of Support And Resistance For POR Stock
The 24-hour chart illustrates a support level at 39.86, which if violated will result in even more drops to 39.16. On the upside, there is a resistance level at 41.76. A further resistance level may holdings at 42.96. The Relative Strength Index (RSI) on the 14-day chart is 18.12, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.22%. Stochastics %K at 20.97% indicates the stock is a holding.
How much short interest is there in Portland General Electric Co?
A steep rise in short interest was recorded in Portland General Electric Co stocks on 2024-12-13, dropping by -0.86 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.98 million shares. There was a decline of -27.59%, which implies that there is a negative sentiment for the stock.
