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. Xcel Energy, Inc shares valued at $121,440 were sold by Prager Frank P on Aug 16 ’24. At $59.50 per share, Prager Frank P sold 2,041 shares. The insider’s holdings dropped to 28,705 shares worth approximately $1.9 million following the completion of this transaction.
Also, O’Connor Timothy John sold 17,563 shares, netting a total of over 979,471 in proceeds. Following the sale of shares at $55.77 each, the insider now holds 0 shares.
As published in a research note from Wells Fargo on January 13, 2025, Xcel Energy, Inc [XEL] has been rated up from an Equal weight to an Overweight and the price target has been revised to $72 from $70. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 01, 2024, Jefferies has increased its “Hold” rating to a “Buy” for XEL. Earlier on September 20, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for XEL stock.
Analyzing XEL Stock Performance
During the last five days, there has been a surge of approximately 1.72%. Over the course of the year, Xcel Energy, Inc shares have dropped approximately -2.16%. Shares of the company reached a 52-week high of $68.00 on 01/02/25 and a 52-week low of $62.58 on 01/10/25. A 50-day SMA is recorded $68.27, while a 200-day SMA reached $60.84. Nevertheless, trading volume fell to 3.85 million shares from 3.75 million shares the previous day.
Support And Resistance Levels for Xcel Energy, Inc (XEL)
According to the 24-hour chart, there is a support level at 65.61, which, if violated, would cause prices to drop to 65.15. In the upper region, resistance lies at 66.90. The next price resistance is at 67.73. RSI (Relative Strength Index) is 46.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.17, which suggests the price will increase in the coming days. Percent R is at 35.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
