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. Talen Energy Corp shares valued at $999,999,900 were sold by Rubric Capital Management LP on Dec 13 ’24. At $204.35 per share, Rubric Capital Management LP sold 4,893,507 shares. The insider’s holdings dropped to 6,475,107 shares worth approximately $1.53 billion following the completion of this transaction.
As published in their initiating research note from BofA Securities on February 03, 2025, Talen Energy Corp [TLN] has been a Buy and the price target has been revised to $253. Analysts at Daiwa Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of October 17, 2024, JP Morgan has initiated its “an Overweight” rating for TLN. Earlier on September 26, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for TLN stock.
Analyzing TLN Stock Performance
During the last five days, there has been a drop of approximately -0.03%. Over the course of the year, Talen Energy Corp shares have jumped approximately 17.35%. Shares of the company reached a 52-week high of $258.03 on 01/23/25 and a 52-week low of $187.00 on 01/27/25. A 50-day SMA is recorded $221.04, while a 200-day SMA reached $166.49. Nevertheless, trading volume fell to 0.92 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Talen Energy Corp (TLN)
According to the 24-hour chart, there is a support level at 231.25, which, if violated, would cause prices to drop to 226.06. In the upper region, resistance lies at 244.31. The next price resistance is at 252.18. RSI (Relative Strength Index) is 52.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.46, which suggests the price will increase in the coming days. Percent R is at 38.19%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
