Checking in on Equitable Holdings Inc. (EQH) after recent insiders movement

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Equitable Holdings Inc.’s recent filing unveils that its President and CEO Pearson Mark unloaded Company’s shares for reported $0.91 million on Nov 15. In the deal valued at $30.19 per share,30,000 shares were sold. As a result of this transaction, Pearson Mark now holds 425,307 shares worth roughly $ 12.98 million.

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Then, Pearson Mark sold 30,000 shares, generating $901,431 in total proceeds. Upon selling the shares at $30.05, the President and CEO now owns 435,307 shares.

Before that, Pearson Mark sold 30,000 shares. Equitable Holdings Inc. shares valued at $900,540 were divested by the President and CEO at a price of $30.02 per share. As a result of the transaction, Pearson Mark now holds 445,307 shares, worth roughly $13.59 million.

Jefferies downgraded its Equitable Holdings Inc. [EQH] rating to a Hold from a a Buy in a research note published on Monday, December 09, 2022; the price target was decreased to $34 from $36. PT values the company’s stock at a premium of 10.26 to its Monday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Sector perform”. JP Morgan also remained covering EQH and has increased its forecast on May 25, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Citigroup started covering the stock on May 24, 2022. It rated EQH as “a Buy”.

Price Performance Review of EQH

On Monday, Equitable Holdings Inc. [NYSE:EQH] saw its stock jump 0.76% to $30.51. On the same session, the stock had its day’s lowest price of $30.17, but rose to a high of $30.64. Over the last five days, the stock has lost -0.07%. Equitable Holdings Inc. shares have risen nearly 6.31% since the year began. Nevertheless, the stocks have fallen -11.05% over the past one year. While a 52-week high of $37.13 was reached on 01/18/23, a 52-week low of $24.61 was recorded on 01/03/23. SMA at 50 days reached $30.09, while 200 days put it at $29.04. A total of 1.59 million shares were traded, compared to the trading of 1.24 million shares in the previous session.

Levels Of Support And Resistance For EQH Stock

The 24-hour chart illustrates a support level at 30.24, which if violated will result in even more drops to 29.97. On the upside, there is a resistance level at 30.71. A further resistance level may holdings at 30.91. The Relative Strength Index (RSI) on the 14-day chart is 55.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.50%. Stochastics %K at 69.79% indicates the stock is a holding.

How much short interest is there in Equitable Holdings Inc.?

A steep rise in short interest was recorded in Equitable Holdings Inc. stocks on Oct 13, 2022, growing by 0.22 million shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.66 million shares. There was a rise of 4.51%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.99.

Equitable Holdings Inc. [EQH] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 36,858,677 shares, or roughly 9.96% of the outstanding EQH shares. In other words, the investor’s shares have fallen by -1,975,698 from its previous 13-F filing of 38834375.0. Additionally, T. Rowe Price Associates, Inc. decreased -4.46% of its stake after which the total value it holdings stand at $950,155,861, while Norges Bank Investment Management reduced -2.81% of its stake to hold $676.9 million in the firm. Over the last quarter, Pzena Investment Management LLC purchased 720,979 shares of Equitable Holdings Inc., while Wellington Management Co. LLP bought 7,392,714 shares. At present, Canada Pension Plan Investment Bo is holding 18,167,887 shares valued at $521.42 million. BlackRock Fund Advisors owned 14,404,283 shares of the company at the time of its most recent 13F filing, worth $413.4 million.

According to FactSet, Equitable Holdings Inc.’s share price will average $38.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.19 percent from its previous closing price of $30.28. Analysts expect Equitable Holdings Inc. stock to reach the higher price of $48.00, while the lowest price estimate is $33.00. However, 14 analysts have rated EQH stock as a Buy in their predictions for 2023. The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $44 price target.

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