In a filing, Sempra revealed its Executive VP and Group Pres MIHALIK TREVOR I unloaded Company’s shares for reported $2.21 million on Nov 20 ’24. In the deal valued at $93.09 per share,23,713 shares were sold. As a result of this transaction, MIHALIK TREVOR I now holds 11,190 shares worth roughly $0.97 million.
Then, MIHALIK TREVOR I bought 23,713 shares, generating $2,214,320 in total proceeds.
Before that, WALL PETER R sold 6,100 shares. Sempra shares valued at $457,927 were divested by the SVP, Controller and CAO at a price of $75.07 per share. As a result of the transaction, WALL PETER R now holds 14,751 shares, worth roughly $1.28 million.
Morgan Stanley upgraded its Sempra [SRE] rating to an Overweight from a an Equal-weight in a research note published on December 13, 2024; the price target was increased to $98 from $85. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. BMO Capital Markets revised its rating on January 11, 2024. It rated SRE as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of SRE
On Tuesday, Sempra [NYSE:SRE] saw its stock jump 1.56% to $86.51. Over the last five days, the stock has gained 12.44%. Sempra shares have fallen nearly -1.38% since the year began. Nevertheless, the stocks have risen 18.17% over the past one year. While a 52-week high of $95.77 was reached on 01/02/25, a 52-week low of $66.40 was recorded on 01/13/25. SMA at 50 days reached $88.56, while 200 days put it at $80.80.
Levels Of Support And Resistance For SRE Stock
The 24-hour chart illustrates a support level at 85.59, which if violated will result in even more drops to 84.68. On the upside, there is a resistance level at 87.27. A further resistance level may holdings at 88.04. The Relative Strength Index (RSI) on the 14-day chart is 53.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.94%. Stochastics %K at 74.63% indicates the stock is a holding.
How much short interest is there in Sempra?
A steep rise in short interest was recorded in Sempra stocks on 2024-12-31, dropping by -6.39 million shares to a total of 9.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.01 million shares. There was a decline of -66.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2024 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $81.50 price target.
