Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oge Energy Corp shares valued at $99,980 were purchased by William Bryan Buckler on Nov 13 ’24. At $42.97 per share, William Bryan Buckler acquired 2,327 shares.
Also, McQuistion Cristina F sold 5,008 shares, netting a total of over 214,522 in proceeds. Following the sale of shares at $42.84 each, the insider now holds 20,918 shares.
Before that, McQuistion Cristina F had added 5,008 shares to its account. In a trade valued at $216,896, the Officer bought Oge Energy Corp shares for $43.31 each.
As published in a research note from Evercore ISI on January 21, 2025, Oge Energy Corp [OGE] has been rated up from an In-line to an Outperform and the price target has been revised to $47 from $40. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of May 23, 2024, Argus has decreased its “Buy” rating to a “Hold” for OGE. Earlier on April 22, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for OGE stock which previously was a “an Overweight”.
Analyzing OGE Stock Performance
During the last five days, there has been a surge of approximately 4.32%. Over the course of the year, Oge Energy Corp shares have jumped approximately 3.03%. Shares of the company reached a 52-week high of $43.62 on 01/21/25 and a 52-week low of $39.41 on 01/13/25. A 50-day SMA is recorded $42.15, while a 200-day SMA reached $38.80. Nevertheless, trading volume fell to 0.74 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Oge Energy Corp (OGE)
According to the 24-hour chart, there is a support level at 42.22, which, if violated, would cause prices to drop to 41.93. In the upper region, resistance lies at 43.02. The next price resistance is at 43.53. RSI (Relative Strength Index) is 56.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 26.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
