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Guggenheim downgrades Centerpoint Energy Inc (CNP) rating to a Neutral

In a filing, Centerpoint Energy Inc revealed its Director Smitherman Barry T acquired Company’s shares for reported $0.68 million on Jan 10 ’25. In the deal valued at $32.00 per share,21,203 shares were bought.

Then, Smitherman Barry T sold 5,670 shares, generating $166,811 in total proceeds. Upon selling the shares at $29.42, the Director now owns 21,203 shares.

Guggenheim downgraded its Centerpoint Energy Inc [CNP] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. UBS also remained covering CNP and has increased its forecast on December 03, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of CNP

On Friday, Centerpoint Energy Inc [NYSE:CNP] saw its stock fall -0.94% to $32.57. Over the last five days, the stock has gained 0.65%. Centerpoint Energy Inc shares have risen nearly 2.65% since the year began. Nevertheless, the stocks have risen 16.45% over the past one year. While a 52-week high of $33.12 was reached on 01/21/25, a 52-week low of $25.41 was recorded on 01/08/25. SMA at 50 days reached $31.99, while 200 days put it at $29.78.

Levels Of Support And Resistance For CNP Stock

The 24-hour chart illustrates a support level at 32.29, which if violated will result in even more drops to 32.00. On the upside, there is a resistance level at 32.88. A further resistance level may holdings at 33.19. The Relative Strength Index (RSI) on the 14-day chart is 55.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 77.32% indicates the stock is a holding.

How much short interest is there in Centerpoint Energy Inc?

A steep rise in short interest was recorded in Centerpoint Energy Inc stocks on 2025-01-15, growing by 3.93 million shares to a total of 22.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 18.85 million shares. There was a rise of 17.25%, which implies that there is a positive sentiment for the stock.

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