NRG Energy (NYSE:NRG) has tumbled 3.42% during the past week and has dropped 8.52% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.26%. NRG Energy (NYSE:NRG) has underperformed the index by 9.35% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
NRG Energy (NYSE:NRG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.02 and $14.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.39, notching a gain of 3.01% for the day. The total traded volume was 6,458,225 . The stock had closed at $13.97 on the previous day.
The company shares have dropped -42.65% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $25.39 and the one year low was seen on Dec 7, 2015. The 50-Day Moving Average price is $15.70 and the 200 Day Moving Average price is recorded at $12.68.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Weidemeyer Thomas H, director of Nrg Energy, Inc., had unloaded 3,182 shares at an average price of $17.24 in a transaction dated on June 3, 2016. The total value of the transaction was worth $54,858.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of NRG Energy (NYSE:NRG). Citigroup has a Sell rating on the shares. As per the latest research report, the brokerage house raises the price target to $14 per share from a prior target of $13. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 0.46% of NRG Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.15% . Institutional Investors own 99.89% of NRG Energy shares. During last six month period, the net percent change held by insiders has seen a change of -6.15%.
NRG Energy, Inc. (NRG) is a power company that produces, sells and delivers energy, and energy products and services in power markets in the United States. NRGs business segments are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. NRG Business consists of NRGs wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions. NRG Home includes the Companys NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Companys solar and wind assets. NRG Yield includes NRGs contracted generation assets. As of December 31, 2014, NRG owned and operated approximately 52,000 megawatts (MW) of generation; transacted in and traded fuel and transportation services, and directly sold energy, services, and sustainable products and services to retail customers under the name NRG and other retail brand names owned by NRG.