EDR’s short interest reaches 7.75 million shares on Jan 31, 2024

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 $519,635 were sold by Lublin Jason on Feb 01. At $24.94 per share, Lublin Jason sold 20,832 shares. The insider’s holdings dropped to 55,705 shares worth approximately $1.33 million following the completion of this transaction.

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Also, Lublin Jason sold 20,832 shares, netting a total of over 530,597 in proceeds. Following the sale of shares at $25.47 each, the insider now holds 55,705 shares.

Before that, Fullerton William K. had sold 1,148 shares from its account. In a trade valued at $26,657, the Global Controller and CAO traded Endeavor Group Holdings Inc shares for $23.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,148 shares, worth approximately $1.97 million.

As published in their initiating research note from TD Cowen on September 12, 2023, Endeavor Group Holdings Inc [EDR] has been an Outperform and the price target has been revised to $28.

Analyzing EDR Stock Performance

During the last five days, there has been a drop of approximately -1.77%. Over the course of the year, Endeavor Group Holdings Inc shares have jumped approximately 0.76%. Shares of the company reached a 52-week high of $26.26 on 01/23/24 and a 52-week low of $22.75 on 01/04/24. A 50-day SMA is recorded $24.04, while a 200-day SMA reached $23.09. Nevertheless, trading volume fell to 2.09 million shares from 1.68 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 23.79, which, if violated, would cause prices to drop to 23.67. In the upper region, resistance lies at 24.14. The next price resistance is at 24.36. RSI (Relative Strength Index) is 44.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 99.05%, indicating bearish price movement. Stochastics %K at buying 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 steep in short interest on Jan 31, 2024 dropping by -4.94 million shares to 7.75 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 12.69 million shares. A decline of -63.74% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.36 of the overall float, the days-to-cover ratio (short ratio) decline to 2.36.

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