Equitable Holdings Inc’s recent filing unveils that its President and CEO Pearson Mark unloaded Company’s shares for reported $1.13 million on Apr 01 ’24. In the deal valued at $37.66 per share,30,000 shares were sold. As a result of this transaction, Pearson Mark now holds 695,025 shares worth roughly $26.26 million.
Then, SCOTT BERTRAM L sold 7,000 shares, generating $247,011 in total proceeds. Upon selling the shares at $35.29, the Director now owns 20,902 shares.
Before that, HURD JEFFREY J sold 9,969 shares. Equitable Holdings Inc shares valued at $352,093 were divested by the Chief Operating Officer at a price of $35.32 per share. As a result of the transaction, HURD JEFFREY J now holds 151,031 shares, worth roughly $5.71 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 Friday, Equitable Holdings Inc [NYSE:EQH] saw its stock jump 0.53% to $37.79. Over the last five days, the stock has lost -0.58%. Equitable Holdings Inc shares have risen nearly 13.48% since the year began. Nevertheless, the stocks have risen 54.18% over the past one year. While a 52-week high of $38.44 was reached on 04/04/24, a 52-week low of $21.89 was recorded on 02/01/24. SMA at 50 days reached $34.75, while 200 days put it at $30.48. A total of 2.21 million shares were traded, compared to the trading of 2.16 million shares in the previous session.
Levels Of Support And Resistance For EQH Stock
The 24-hour chart illustrates a support level at 37.54, which if violated will result in even more drops to 37.29. On the upside, there is a resistance level at 38.03. A further resistance level may holdings at 38.27. The Relative Strength Index (RSI) on the 14-day chart is 67.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.94%. Stochastics %K at 80.38% 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 Mar 15, 2024, dropping by -1.1 million shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.72 million shares. There was a decline of -30.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.25% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.23.
The most recent change occurred on February 08, 2023 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .
