Brazilian Electric Power (NYSE:AXIA) Insider Sells $232,703.25 in Stock

Brazilian Electric Power Co (NYSE:AXIA) insider Sampaio Araujo Camila Gualda sold 20,575 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $11.31, for a total value of $232,703.25. Following the completion of the transaction, the insider directly owned 83,077 shares in the company, valued at $939,600.87. This trade represents a 19.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Brazilian Electric Power Stock Up 5.4%

AXIA stock traded up $0.62 during midday trading on Wednesday, hitting $12.11. The company’s stock had a trading volume of 2,432,685 shares, compared to its average volume of 2,299,299. Brazilian Electric Power Co has a 12 month low of $6.69 and a 12 month high of $12.66.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, March 14th.

About Brazilian Electric Power

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. As of December 31, 2020, it owned and operated 31 hydroelectric plants with a total installed capacity of 50,648 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,595 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.