Endeavor Group Holdings Inc (EDR) rating initates by TD Cowen

In a filing, Endeavor Group Holdings Inc revealed its insider SHAPIRO MARK S unloaded Company’s shares for reported $0.55 million on Feb 23 ’24. In the deal valued at $24.15 per share,22,805 shares were sold. As a result of this transaction, SHAPIRO MARK S now holds 102,966 shares worth roughly $2.55 million.

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Then, Lublin Jason sold 18,525 shares, generating $447,407 in total proceeds. Upon selling the shares at $24.15, the Chief Financial Officer now owns 130,187 shares.

Before that, KRAUSS SETH D sold 6,220 shares. Endeavor Group Holdings Inc shares valued at $150,226 were divested by the CAO & Senior Counsel at a price of $24.15 per share. As a result of the transaction, KRAUSS SETH D now holds 67,920 shares, worth roughly $1.68 million.

TD Cowen initiated its Endeavor Group Holdings Inc [EDR] rating to an Outperform in a research note published on September 12, 2023; the price target was $28. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Seaport Research Partners began covering EDR with “Buy” recommendation on April 24, 2023. BofA Securities started covering the stock on August 04, 2022. It rated EDR as “a Buy”.

Price Performance Review of EDR

On Tuesday, Endeavor Group Holdings Inc [NYSE:EDR] saw its stock fall -0.76% to $24.73. Over the last five days, the stock has gained 0.98%. Endeavor Group Holdings Inc shares have risen nearly 4.21% since the year began. Nevertheless, the stocks have risen 7.24% over the past one year. While a 52-week high of $26.26 was reached on 01/23/24, a 52-week low of $17.65 was recorded on 01/04/24. SMA at 50 days reached $24.27, while 200 days put it at $23.11. A total of 1.49 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For EDR Stock

The 24-hour chart illustrates a support level at 24.53, which if violated will result in even more drops to 24.32. On the upside, there is a resistance level at 24.92. A further resistance level may holdings at 25.10. The Relative Strength Index (RSI) on the 14-day chart is 54.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.67%. Stochastics %K at 88.40% indicates the stock is a selling.

How much short interest is there in Endeavor Group Holdings Inc?

A steep rise in short interest was recorded in Endeavor Group Holdings Inc stocks on Feb 29, 2024, growing by 0.5 million shares to a total of 8.25 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.75 million shares. There was a rise of 6.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.88.

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