Insider Selling by Public Service Enterprise Group Incorporated's (NYSE:PEG) CEO led to the sale of 1,378 shares of stock. In addition, Ralph Larossa, another insider, has also sold shares of PSEG. This comes despite a noted
surge in the company's performance in Q3. The proof lies in their
third-quarter 2024 results, announced recently. Even though the stock outperformed competitors, losses were reported on the day of announcement. The company beat Q3 profit estimates due to
higher sales and saw a rise in revenue year over year, though earnings missed. JPMorgan Chase & Co.
lowered its holdings in the company, while institutional investors, who control 75% of the company, remained a favourite. This utility stock is currently being evaluated for its prospectiveness. The company continues to
impress, with its stock rising 3.5% over the last week.
Other financial movements include a potential Data Center deal, the president selling stocks, institutional investors being rewarded, and the Toronto Dominion Bank lowering its stake. Finally, PSEG has been recognized for its support to the Children's Specialized Hospital and communities grappling with food insecurity.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Sat, 04 Jan 2025 04:25:09 GMT -
Rating 0
- Innovation -4
- Information 8
- Rumor -2
