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April 14, 2023
The Oklahoma-based electric utility provider is recovering some losses, but is not all the way back to $38.14, after dipping down to $37.64 today.
Highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. United States Producer Price Index published yesterday at 12:30 UTC came out at -0.5%, falling short of the 0.1% projections and continuing its decline from the previous 0% figure.
OGE's notable support and resistance levels: OGE Energy Corp. could begin to recover as it approaches significant support, now 56 cents away from $37.31. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other utilities stocks as NextEra Energy is down to $77.86, losing 1.26%, after ending yesterday at $78.85.
The electric utility company has recovered 12.97% since descending to a significant low of $33.76 around 5 months ago.
