Talen Energy Corp’s recent filing unveils that its 10% Owner Rubric Capital Management LP unloaded Company’s shares for reported $1000.0 million on Dec 13 ’24. In the deal valued at $204.35 per share,4,893,507 shares were sold. As a result of this transaction, Rubric Capital Management LP now holds 6,475,107 shares worth roughly $1.54 billion.
BofA Securities initiated its Talen Energy Corp [TLN] rating to a Buy in a research note published on February 03, 2025; the price target was $253. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. JP Morgan began covering TLN with “an Overweight” recommendation on October 17, 2024. RBC Capital Mkts started covering the stock on September 26, 2024. It rated TLN as “an Outperform”.
Price Performance Review of TLN
On Monday, Talen Energy Corp [NASDAQ:TLN] saw its stock fall -0.21% to $238.23. Over the last five days, the stock has gained 3.20%. Talen Energy Corp shares have risen nearly 18.25% since the year began. Nevertheless, the stocks have risen 245.26% over the past one year. While a 52-week high of $258.03 was reached on 01/23/25, a 52-week low of $64.51 was recorded on 01/27/25. SMA at 50 days reached $217.54, while 200 days put it at $161.53.
Levels Of Support And Resistance For TLN Stock
The 24-hour chart illustrates a support level at 234.73, which if violated will result in even more drops to 231.23. On the upside, there is a resistance level at 242.85. A further resistance level may holdings at 247.46. The Relative Strength Index (RSI) on the 14-day chart is 57.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.88%. Stochastics %K at 72.68% indicates the stock is a holding.
How much short interest is there in Talen Energy Corp?
A steep rise in short interest was recorded in Talen Energy Corp stocks on 2024-10-31, dropping by 4323.0 shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.53 million shares. There was a decline of -0.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 18, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $197 price target.
