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. Eversource Energy shares valued at $752,148 were sold by BUTLER GREGORY B on Feb 28 ’25. At $62.68 per share, BUTLER GREGORY B sold 12,000 shares. The insider’s holdings dropped to 61,268 shares worth approximately $3.77 million following the completion of this transaction.
Also, BUTLER GREGORY B purchased 12,000 shares, netting a total of over 752,151 in proceeds.
Before that, CLEVELAND COTTON M had sold 7,749 shares from its account. In a trade valued at $492,062, the Trustee traded Eversource Energy shares for $63.50 each. Upon closing the transaction, the insider’s holdings decreased to 7,749 shares, worth approximately $4.67 million.
As published in a research note from Scotiabank on December 12, 2024, Eversource Energy [ES] has been rated down from a Sector perform to a Sector underperform and the price target has been revised to $56 from $66. Analysts at Jefferies started covering the stock with ‘”an Underperform”‘ outlook in a report released in early December. As of June 25, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for ES. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for ES stock.
Analyzing ES Stock Performance
During the last five days, there has been a surge of approximately 2.48%. Over the course of the year, Eversource Energy shares have jumped approximately 7.26%. Shares of the company reached a 52-week high of $64.37 on 02/25/25 and a 52-week low of $54.75 on 01/13/25. A 50-day SMA is recorded $59.69, while a 200-day SMA reached $61.95.
Support And Resistance Levels for Eversource Energy (ES)
According to the 24-hour chart, there is a support level at 61.15, which, if violated, would cause prices to drop to 60.70. In the upper region, resistance lies at 62.05. The next price resistance is at 62.50. RSI (Relative Strength Index) is 53.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 34.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
