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.
BMO Capital Markets initiated its PG&E Corp [PCG] rating to an Outperform in a research note published on January 13, 2025; the price target was $21. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. JP Morgan revised its rating on June 10, 2024. It rated PCG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of PCG
On Tuesday, PG&E Corp [NYSE:PCG] saw its stock unchanged to $16.22. Over the last five days, the stock has lost -18.33%. PG&E Corp shares have fallen nearly -19.62% since the year began. Nevertheless, the stocks have fallen -7.68% 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 01/14/25. SMA at 50 days reached $20.18, while 200 days put it at $18.87.
Levels Of Support And Resistance For PCG Stock
The 24-hour chart illustrates a support level at 15.94, which if violated will result in even more drops to 15.67. On the upside, there is a resistance level at 16.49. A further resistance level may holdings at 16.77. The Relative Strength Index (RSI) on the 14-day chart is 18.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.77%. Stochastics %K at 4.94% indicates the stock is a buying.
How much short interest is there in PG&E Corp?
A steep rise in short interest was recorded in PG&E Corp stocks on 2024-12-31, growing by 5.99 million shares to a total of 38.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 32.03 million shares. There was a rise of 15.74%, 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 $21 price target.
