Talen Energy Corp’s filing revealed 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 $1.35 billion.
Evercore ISI initiated its Talen Energy Corp [TLN] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Daiwa Securities began covering TLN with “Buy” recommendation on December 04, 2024. JP Morgan started covering the stock on October 17, 2024. It rated TLN as “an Overweight”.
Price Performance Review of TLN
On Friday, Talen Energy Corp [NASDAQ:TLN] saw its stock jump 3.04% to $207.95. Over the last five days, the stock has lost -4.96%. Talen Energy Corp shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have risen 185.25% over the past one year. While a 52-week high of $258.03 was reached on 01/23/25, a 52-week low of $72.50 was recorded on 01/27/25. SMA at 50 days reached $221.29, while 200 days put it at $169.71.
Levels Of Support And Resistance For TLN Stock
The 24-hour chart illustrates a support level at 196.69, which if violated will result in even more drops to 185.43. On the upside, there is a resistance level at 214.52. A further resistance level may holdings at 221.09. The Relative Strength Index (RSI) on the 14-day chart is 40.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.84%. Stochastics %K at 24.65% indicates the stock is a holding.
The most recent change occurred on September 26, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $233 price target.
