Equitable Holdings Inc. [EQH] Chief Financial Officer makes an insider purchase of 2,096 shares worth 49836.0.


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Equitable Holdings Inc. shares valued at $49,836 were purchased by Raju Robin M on Mar 15. At $23.78 per share, Raju Robin M acquired 2,096 shares. The insider’s holdings grew to 96,226 shares worth approximately $2.39 million following the completion of this transaction.

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Also, Pearson Mark sold 30,000 shares, netting a total of over 905,601 in proceeds. Following the sale of shares at $30.19 each, the insider now holds 425,307 shares.

Before that, Pearson Mark had sold 30,000 shares from its account. In a trade valued at $901,431, the President and CEO traded Equitable Holdings Inc. shares for $30.05 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $10.82 million.

As published in their initiating research note from Raymond James on February 08, 2023, Equitable Holdings Inc. [EQH] has been a Mkt perform. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of December 06, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for EQH. Earlier on May 25, 2022, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for EQH stock which previously was a “a Neutral”.

Analyzing EQH Stock Performance

On Thursday, Equitable Holdings Inc. [NYSE: EQH] rose 3.24% to $24.86. The stock’s lowest price that day was $23.35, but it reached a high of $25.20 in the same session. During the last five days, there has been a drop of approximately -13.14%. Over the course of the year, Equitable Holdings Inc. shares have dropped approximately -13.38%. Shares of the company reached a 52-week high of $33.24 on 02/16/23 and a 52-week low of $23.35 on 03/16/23. A 50-day SMA is recorded $30.67, while a 200-day SMA reached $29.27. Nevertheless, trading volume fell to 4.99 million shares from 4.82 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 23.74, which, if violated, would cause prices to drop to 22.62. In the upper region, resistance lies at 25.59. The next price resistance is at 26.32. RSI (Relative Strength Index) is 25.99 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.27, which suggests the price will decrease in the coming days. Percent R is at 83.69%, indicating bearish price movement. Stochastics %K at buying 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 Jan 30, 2023 dropping by -0.96 million shares to 4.05 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 5.01 million shares. A decline of -23.7% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.06 of the overall float, the days-to-cover ratio (short ratio) decline to 2.06.

Which companies own the most shares of Equitable Holdings Inc. (EQH)?

According to The Vanguard Group, Inc. filings, the company currently owns 36,896,948 shares, which is about 10.20% of the total EQH shares outstanding. The investor’s shares have appreciated by 38,271 from its previous 13-F filing of 36858677.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $1,026,462,054. Pzena Investment Management LLC reduced a -1.15% interest valued at $710.27 million while Norges Bank Investment Management sold a -4,297,547 stake. A total of -1,941,793 shares of Equitable Holdings Inc. were sold by Wellington Management Co. LLP during the quarter, and 0 by Canada Pension Plan Investment Bo. In its current portfolio, BlackRock Fund Advisors holds 17,037,343 shares valued at $535.31 million.

In terms of Equitable Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $38.85 in the next 12 months, up nearly 53.65% from the previous closing price of $24.08. Analysts anticipate Equitable Holdings Inc. stock to reach $48.00 by 2023, with the lowest price target being $33.00. In spite of this, 15 analysts ranked Equitable Holdings Inc. stock as an Overweight at the end of 2023. On May 24, 2022, Citigroup assigned a price target of “a Buy” to the stock and initiated coverage with a $41.


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