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 stock was sold at an average price of $11.31, for a total value of $232,703.25. Following the transaction, the insider owned 83,077 shares in the company, valued at $939,600.87. This trade represents a 19.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brazilian Electric Power Trading Up 5.4%

Shares of AXIA stock traded up $0.62 during midday trading on Wednesday, reaching $12.11. 2,432,685 shares of the stock were exchanged, compared to its average volume of 2,299,299. Brazilian Electric Power Co has a 1 year low of $6.69 and a 1 year high of $12.66.

Wall Street Analysts Forecast Growth

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

Brazilian Electric Power Company Profile

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.