Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PPL Corp shares valued at $573,402 were sold by Bonenberger David J on Feb 03 ’25. At $33.38 per share, Bonenberger David J sold 17,178 shares. The insider’s holdings dropped to 45,414 shares worth approximately $1.54 million following the completion of this transaction.
Also, Henninger Tadd J sold 7,745 shares, netting a total of over 258,528 in proceeds. Following the sale of shares at $33.38 each, the insider now holds 11,259 shares.
Before that, Henninger Tadd J had added 7,745 shares to its account. In a trade valued at $258,528, the Officer bought PPL Corp shares for $33.38 each.
As published in their initiating research note from BMO Capital Markets on December 11, 2024, PPL Corp [PPL] has been an Outperform and the price target has been revised to $36. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of September 20, 2024, Jefferies has initiated its “Buy” rating for PPL. Earlier on March 08, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for PPL stock which previously was a “a Hold”.
Analyzing PPL Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, PPL Corp shares have jumped approximately 4.50%. Shares of the company reached a 52-week high of $33.99 on 02/05/25 and a 52-week low of $31.22 on 01/13/25. A 50-day SMA is recorded $33.03, while a 200-day SMA reached $31.05. Nevertheless, trading volume fell to 3.23 million shares from 3.99 million shares the previous day.
Support And Resistance Levels for PPL Corp (PPL)
According to the 24-hour chart, there is a support level at 33.71, which, if violated, would cause prices to drop to 33.51. In the upper region, resistance lies at 34.06. The next price resistance is at 34.20. RSI (Relative Strength Index) is 60.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 3.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
