Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PPL Corp shares valued at $213,510 were sold by Henninger Tadd J on Dec 17 ’24. At $32.16 per share, Henninger Tadd J sold 6,639 shares. The insider’s holdings dropped to 11,210 shares worth approximately $0.36 million following the completion of this transaction.
Also, Henninger Tadd J purchased 6,639 shares, netting a total of over 213,510 in proceeds.
Before that, Crockett John R III had sold 9,161 shares from its account. In a trade valued at $314,680, the President of a PPL Subsidiary traded PPL Corp shares for $34.35 each. Upon closing the transaction, the insider’s holdings decreased to 9,161 shares, worth approximately $0.4 million.
As published in their initiating research note from BMO Capital Markets on December 11, 2024, PPL Corp [PPL] has been an Outperform and the price target has been revised to $36. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of September 20, 2024, Jefferies has initiated its “Buy” rating for PPL. Earlier on March 08, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for PPL stock which previously was a “a Hold”.
Analyzing PPL Stock Performance
During the last five days, there has been a surge of approximately 0.34%. Over the course of the year, PPL Corp shares have dropped approximately -1.08%. Shares of the company reached a 52-week high of $32.68 on 01/02/25 and a 52-week low of $31.22 on 01/13/25. A 50-day SMA is recorded $32.99, while a 200-day SMA reached $30.61. Nevertheless, trading volume fell to 4.23 million shares from 4.25 million shares the previous day.
Support And Resistance Levels for PPL Corp (PPL)
According to the 24-hour chart, there is a support level at 31.92, which, if violated, would cause prices to drop to 31.74. In the upper region, resistance lies at 32.36. The next price resistance is at 32.62. RSI (Relative Strength Index) is 45.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 41.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
