Consolidated Edison, Inc.’s filing revealed that its SVP & CFO HOGLUND ROBERT N acquired Company’s shares for reported $14148.0 on Mar 29 ’24. In the deal valued at $90.81 per share,156 shares were bought. As a result of this transaction, HOGLUND ROBERT N now holds 45,052 shares worth roughly $4.04 million.
Then, Cawley Timothy bought 80 shares, generating $7,244 in total proceeds. Upon buying the shares at $90.81, the Chairman, President & CEO now owns 86,412 shares.
Before that, Sanchez Robert bought 73 shares. Consolidated Edison, Inc. shares valued at $6,654 were divested by the President & CEO, O&R at a price of $90.81 per share. As a result of the transaction, Sanchez Robert now holds 13,654 shares, worth roughly $1.22 million.
KeyBanc Capital Markets upgraded its Consolidated Edison, Inc. [ED] rating to a Sector weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering ED and has increased its forecast on October 17, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. Barclays started covering the stock on August 23, 2023. It rated ED as “an Equal weight”.
Price Performance Review of ED
On Friday, Consolidated Edison, Inc. [NYSE:ED] saw its stock fall -0.60% to $89.65. Over the last five days, the stock has lost -1.28%. Consolidated Edison, Inc. shares have fallen nearly -1.45% since the year began. Nevertheless, the stocks have fallen -6.63% over the past one year. While a 52-week high of $100.92 was reached on 01/10/24, a 52-week low of $80.46 was recorded on 03/01/24. SMA at 50 days reached $89.11, while 200 days put it at $90.08. A total of 1.74 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 89.03, which if violated will result in even more drops to 88.40. On the upside, there is a resistance level at 90.14. A further resistance level may holdings at 90.63. The Relative Strength Index (RSI) on the 14-day chart is 51.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.51%. Stochastics %K at 60.18% indicates the stock is a holding.
How much short interest is there in Consolidated Edison, Inc.?
A steep rise in short interest was recorded in Consolidated Edison, Inc. stocks on Mar 15, 2024, dropping by -0.99 million shares to a total of 6.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.99 million shares. There was a decline of -16.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.44.
