Equitable Holdings Inc’s filing revealed that its Director SCOTT BERTRAM L unloaded Company’s shares for reported $0.25 million on Mar 18 ’24. In the deal valued at $35.29 per share,7,000 shares were sold. As a result of this transaction, SCOTT BERTRAM L now holds 20,902 shares worth roughly $0.78 million.
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Then, HURD JEFFREY J sold 9,969 shares, generating $352,093 in total proceeds. Upon selling the shares at $35.32, the Chief Operating Officer now owns 151,031 shares.
Before that, Pearson Mark sold 60,000 shares. Equitable Holdings Inc shares valued at $2,026,168 were divested by the President and CEO at a price of $33.77 per share. As a result of the transaction, Pearson Mark now holds 703,254 shares, worth roughly $26.32 million.
JP Morgan downgraded its Equitable Holdings Inc [EQH] rating to a Neutral from a an Overweight in a research note published on January 03, 2024; the price target was increased to $36 from $35. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Keefe Bruyette also remained covering EQH and has decreased its forecast on December 05, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on October 05, 2023. It rated EQH as “a Hold”.
Price Performance Review of EQH
On Monday, Equitable Holdings Inc [NYSE:EQH] saw its stock jump 2.83% to $37.42. Over the last five days, the stock has gained 5.14%. Equitable Holdings Inc shares have risen nearly 12.37% since the year began. Nevertheless, the stocks have risen 55.98% over the past one year. While a 52-week high of $37.18 was reached on 03/25/24, a 52-week low of $21.89 was recorded on 02/01/24. SMA at 50 days reached $33.97, while 200 days put it at $30.04. A total of 2.29 million shares were traded, compared to the trading of 2.77 million shares in the previous session.
Levels Of Support And Resistance For EQH Stock
The 24-hour chart illustrates a support level at 36.68, which if violated will result in even more drops to 35.93. On the upside, there is a resistance level at 37.90. A further resistance level may holdings at 38.37. The Relative Strength Index (RSI) on the 14-day chart is 74.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.50%. Stochastics %K at 89.42% indicates the stock is a selling.
How much short interest is there in Equitable Holdings Inc?
A steep rise in short interest was recorded in Equitable Holdings Inc stocks on Feb 29, 2024, dropping by -0.4 million shares to a total of 5.48 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.88 million shares. There was a decline of -7.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.89% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.03.
The most recent change occurred on February 08, 2023 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.
