Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equitable Holdings Inc shares valued at $1,129,903 were sold by Pearson Mark on Apr 01 ’24. At $37.66 per share, Pearson Mark sold 30,000 shares. The insider’s holdings dropped to 695,025 shares worth approximately $25.75 million following the completion of this transaction.
Also, SCOTT BERTRAM L sold 7,000 shares, netting a total of over 247,011 in proceeds. Following the sale of shares at $35.29 each, the insider now holds 20,902 shares.
Before that, HURD JEFFREY J had sold 9,969 shares from its account. In a trade valued at $352,093, the Chief Operating Officer traded Equitable Holdings Inc shares for $35.32 each. Upon closing the transaction, the insider’s holdings decreased to 9,969 shares, worth approximately $5.6 million.
As published in a research note from JP Morgan on January 03, 2024, Equitable Holdings Inc [EQH] has been rated down from an Overweight to a Neutral and the price target has been revised to $36 from $35. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of December 05, 2023, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for EQH. Earlier on October 05, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for EQH stock.
Analyzing EQH Stock Performance
During the last five days, there has been a drop of approximately -2.09%. Over the course of the year, Equitable Holdings Inc shares have jumped approximately 11.26%. Shares of the company reached a 52-week high of $38.44 on 04/04/24 and a 52-week low of $31.76 on 02/01/24. A 50-day SMA is recorded $35.01, while a 200-day SMA reached $30.65. Nevertheless, trading volume fell to 3.96 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for Equitable Holdings Inc (EQH)
According to the 24-hour chart, there is a support level at 36.63, which, if violated, would cause prices to drop to 36.21. In the upper region, resistance lies at 37.66. The next price resistance is at 38.28. RSI (Relative Strength Index) is 57.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 67.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Equitable Holdings Inc subject to short interest?
Stocks of Equitable Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.1 million shares to 3.62 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.72 million shares. A decline of -30.39% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.23 of the overall float, the days-to-cover ratio (short ratio) decline to 1.23.
