Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equitable Holdings Inc. shares valued at $901,095 were sold by Pearson Mark on May 26. At $30.04 per share, Pearson Mark sold 30,000 shares. The insider’s holdings dropped to 482,212 shares worth approximately $13.75 million following the completion of this transaction.
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Also, HURD JEFFREY J sold 8,000 shares, netting a total of over 240,031 in proceeds. Following the sale of shares at $30.00 each, the insider now holds 95,904 shares.
Before that, HURD JEFFREY J had sold 8,000 shares from its account. In a trade valued at $243,931, the Chief Operating Officer traded Equitable Holdings Inc. shares for $30.49 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $2.96 million.
As published in a research note from JP Morgan on May 25, 2022, Equitable Holdings Inc. [EQH] has been rated up from a Neutral to an Overweight and the price target has been revised to $36. This represents a 20.81% premium over Thursday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of January 26, 2022, Jefferies has initiated its “Buy” rating for EQH. Earlier on December 03, 2021, Goldman initiated its rating. Their recommendation was “a Buy” for EQH stock.
Analyzing EQH’s Price Performance
On Thursday, Equitable Holdings Inc. [NYSE: EQH] rose 0.39% to $28.51. The stock’s lowest price that day was $27.63, but it reached a high of $29.27 in the same session. During the last five days, there has been a surge of approximately 2.89%. Over the course of the year, Equitable Holdings Inc. shares have dropped approximately -13.05%. Shares of the company reached a 52-week high of $37.13 on 02/10/22 and a 52-week low of $24.61 on 07/14/22. A 50-day SMA is recorded $27.32, while a 200-day SMA reached $31.02. Nevertheless, trading volume fell to 2.99 million shares from 3.68 million shares the previous day.
Support And Resistance Levels for Equitable Holdings Inc. (EQH)
According to the 24-hour chart, there is a support level at 27.67, which, if violated, would cause prices to drop to 26.83. In the upper region, resistance lies at 29.31. The next price resistance is at 30.11. RSI (Relative Strength Index) is 61.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 19.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Equitable Holdings Inc. subject to short interest?
Stocks of Equitable Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.74 million shares to 5.42 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.16 million shares. A decline of -32.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) decline to 1.83.
Which companies own the most shares of Equitable Holdings Inc. (EQH)?
According to The Vanguard Group, Inc. filings, the company currently owns 39,320,382 shares, which is about 10.32% of the total EQH shares outstanding. The investor’s shares have appreciated by 879,642 from its previous 13-F filing of 38440740.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $752,149,116. Norges Bank Investment Management acquire a 10.70% interest valued at $614.87 million while Pzena Investment Management LLC sold a -156,876 stake. A total of -176 shares of Equitable Holdings Inc. were sold by Canada Pension Plan Investment Bo during the quarter, and -110,072 were sold by BlackRock Fund Advisors. In its current portfolio, Wellington Management Co. LLP holds 13,407,601 shares valued at $349.54 million.
In terms of Equitable Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $38.92 in the next 12 months, up nearly 33.8% from the previous closing price of $28.40. Analysts anticipate Equitable Holdings Inc. stock to reach $51.00 by 2022, with the lowest price target being $32.00. In spite of this, 14 analysts ranked Equitable Holdings Inc. stock as a Buy at the end of 2022. On April 21, 2021, UBS assigned a price target of “a Buy” to the stock and initiated coverage with a $44.