The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Endeavor Group Holdings Inc. shares valued at $491,296 were sold by Muirhead Christian on Sep 15. At $25.19 per share, Muirhead Christian sold 19,502 shares. The insider’s holdings dropped to 3,231 shares worth approximately $68464.89 following the completion of this transaction.
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Also, Lublin Jason sold 29,725 shares, netting a total of over 746,636 in proceeds. Following the sale of shares at $25.12 each, the insider now holds 46,510 shares.
Before that, Lublin Jason had sold 56,525 shares from its account. In a trade valued at $1,442,365, the Chief Financial Officer traded Endeavor Group Holdings Inc. shares for $25.52 each. Upon closing the transaction, the insider’s holdings decreased to 56,525 shares, worth approximately $0.99 million.
As published in their initiating research note from BofA Securities on August 04, 2022, Endeavor Group Holdings Inc. [EDR] has been a Buy and the price target has been revised to $28. This represents a 24.32% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. Earlier on May 18, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for EDR stock which previously was a “a Neutral”.
Analyzing EDR’s Price Performance
On Thursday, Endeavor Group Holdings Inc. [NYSE: EDR] plunged -3.99% to $21.19. The stock’s lowest price that day was $21.12, but it reached a high of $22.04 in the same session. During the last five days, there has been a drop of approximately -14.45%. Over the course of the year, Endeavor Group Holdings Inc. shares have dropped approximately -39.27%. Shares of the company reached a 52-week high of $35.28 on 01/03/22 and a 52-week low of $17.42 on 05/09/22. A 50-day SMA is recorded $23.17, while a 200-day SMA reached $25.96. Nevertheless, trading volume fell to 1.14 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Endeavor Group Holdings Inc. (EDR)
According to the 24-hour chart, there is a support level at 20.86, which, if violated, would cause prices to drop to 20.53. In the upper region, resistance lies at 21.78. The next price resistance is at 22.37. RSI (Relative Strength Index) is 35.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 98.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Endeavor Group Holdings Inc. subject to short interest?
Stocks of Endeavor Group Holdings Inc. saw a sharp rise in short interest on Aug 30, 2022 jumping by 0.24 million shares to 1.74 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 1.5 million shares. A jump of 13.79% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.87.
Which companies own the most shares of Endeavor Group Holdings Inc. (EDR)?
According to GIC Pte Ltd. filings, the company currently owns 21,038,712 shares, which is about 7.36% of the total EDR shares outstanding. Coatue Management LLC reduced a -0.54% interest valued at $383.93 million while Morgan Stanley Investment Managem sold a -462,483 stake. A total of -800,103 shares of Endeavor Group Holdings Inc. were sold by The Vanguard Group, Inc. during the quarter, and 6,252,815 were bought by MIC Capital Management UK LLP. In its current portfolio, Fidelity Management & Research Co holds 7,785,779 shares valued at $176.11 million.