Firstenergy Corp’s recent filing unveils that its Officer Walker Christine acquired Company’s shares for reported $0.26 million on Sep 12 ’24. In the deal valued at $44.10 per share,6,000 shares were bought.
Wolfe Research downgraded its Firstenergy Corp [FE] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid December from “a Sector perform” to “a Sector outperform”. Seaport Research Partners also remained covering FE and has decreased its forecast on October 31, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on October 14, 2024. It rated FE as “a Hold”.
Price Performance Review of FE
On Friday, Firstenergy Corp [NYSE:FE] saw its stock jump 0.07% to $40.16. Over the last five days, the stock has gained 0.90%. Firstenergy Corp shares have risen nearly 0.96% since the year began. Nevertheless, the stocks have risen 12.15% over the past one year. While a 52-week high of $44.97 was reached on 01/28/25, a 52-week low of $35.41 was recorded on 01/13/25. SMA at 50 days reached $40.15, while 200 days put it at $41.00.
Levels Of Support And Resistance For FE Stock
The 24-hour chart illustrates a support level at 39.72, which if violated will result in even more drops to 39.27. On the upside, there is a resistance level at 40.46. A further resistance level may holdings at 40.76. The Relative Strength Index (RSI) on the 14-day chart is 52.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.24%. Stochastics %K at 62.20% indicates the stock is a holding.
How much short interest is there in Firstenergy Corp?
A steep rise in short interest was recorded in Firstenergy Corp stocks on 2025-01-15, dropping by -0.52 million shares to a total of 10.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.78 million shares. There was a decline of -5.11%, which implies that there is a negative sentiment for the stock.
