Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Portland General Electric Co shares valued at $94,340 were sold by Bekkedahl Larry Neal on Nov 06 ’24. At $47.17 per share, Bekkedahl Larry Neal sold 2,000 shares. The insider’s holdings dropped to 26,765 shares worth approximately $1.1 million following the completion of this transaction.
Also, Bekkedahl Larry Neal purchased 2,000 shares, netting a total of over 94,364 in proceeds.
Before that, Felton Benjamin had added 11 shares to its account. In a trade valued at $522, the EVP, COO bought Portland General Electric Co shares for $47.48 each. Upon closing the transaction, the insider’s holdings increased to 11 shares, worth approximately $1.24 million.
As published in a research note from UBS on January 03, 2025, Portland General Electric Co [POR] has been rated down from a Buy to a Neutral and the price target has been revised to $47 from $52. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of September 20, 2024, Jefferies has initiated its “Hold” rating for POR. Earlier on September 18, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for POR stock which previously was a “an Overweight”.
Analyzing POR Stock Performance
During the last five days, there has been a surge of approximately 0.51%. Over the course of the year, Portland General Electric Co shares have dropped approximately -5.41%. Shares of the company reached a 52-week high of $43.96 on 01/02/25 and a 52-week low of $40.05 on 01/13/25. A 50-day SMA is recorded $44.83, while a 200-day SMA reached $45.33. Nevertheless, trading volume fell to 0.94 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Portland General Electric Co (POR)
According to the 24-hour chart, there is a support level at 40.78, which, if violated, would cause prices to drop to 40.30. In the upper region, resistance lies at 42.11. The next price resistance is at 42.96. RSI (Relative Strength Index) is 35.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 69.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
