The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PG&E Corp shares valued at $216,250 were purchased by FLEXON ROBERT C on Dec 12 ’24. At $21.62 per share, FLEXON ROBERT C acquired 10,000 shares.
Also, Poppe Patricia K sold 55,555 shares, netting a total of over 1,147,766 in proceeds. Following the sale of shares at $20.66 each, the insider now holds 1,460,222 shares.
Before that, Poppe Patricia K had added 55,555 shares to its account. In a trade valued at $1,147,685, the Officer bought PG&E Corp shares for $20.66 each.
As published in their initiating research note from BMO Capital Markets on January 13, 2025, PG&E Corp [PCG] has been an Outperform and the price target has been revised to $21. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. Earlier on June 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for PCG stock which previously was a “a Neutral”.
Analyzing PCG Stock Performance
During the last five days, there has been a surge of approximately 1.36%. Over the course of the year, PG&E Corp shares have dropped approximately -18.53%. Shares of the company reached a 52-week high of $20.43 on 01/06/25 and a 52-week low of $15.94 on 01/14/25. A 50-day SMA is recorded $19.86, while a 200-day SMA reached $18.88. Nevertheless, trading volume fell to 29.18 million shares from 24.92 million shares the previous day.
Support And Resistance Levels for PG&E Corp (PCG)
According to the 24-hour chart, there is a support level at 16.09, which, if violated, would cause prices to drop to 15.75. In the upper region, resistance lies at 17.06. The next price resistance is at 17.69. RSI (Relative Strength Index) is 28.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 88.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
