Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equifax, Inc. shares valued at $15,596,195 were sold by Begor Mark W on Feb 28 ’24. At $267.52 per share, Begor Mark W sold 58,300 shares. The insider’s holdings dropped to 108,912 shares worth approximately $27.06 million following the completion of this transaction.
Also, Ploder Rodolfo O sold 20,788 shares, netting a total of over 5,146,913 in proceeds. Following the sale of shares at $247.59 each, the insider now holds 79,311 shares.
Before that, KELLEY JOHN J III had sold 4,000 shares from its account. In a trade valued at $834,106, the EVP, Chief Legal Officer traded Equifax, Inc. shares for $208.53 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $2.33 million.
As published in a research note from Evercore ISI on February 13, 2024, Equifax, Inc. [EFX] has been rated up from an In-line to an Outperform and the price target has been revised to $310 from $210. Analysts at Redburn Atlantic downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 08, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for EFX. Earlier on January 04, 2024, Needham resumed its rating. Their recommendation was “a Buy” for EFX stock.
Analyzing EFX Stock Performance
During the last five days, there has been a drop of approximately -2.89%. Over the course of the year, Equifax, Inc. shares have jumped approximately 0.49%. Shares of the company reached a 52-week high of $275.10 on 02/29/24 and a 52-week low of $230.45 on 01/03/24. A 50-day SMA is recorded $258.76, while a 200-day SMA reached $221.85. Nevertheless, trading volume fell to 1.1 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Equifax, Inc. (EFX)
According to the 24-hour chart, there is a support level at 245.80, which, if violated, would cause prices to drop to 243.10. In the upper region, resistance lies at 252.64. The next price resistance is at 256.79. RSI (Relative Strength Index) is 40.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.70, which suggests the price will decrease in the coming days. Percent R is at 95.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Equifax, Inc. subject to short interest?
Stocks of Equifax, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.12 million shares to 2.88 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.0 million shares. A decline of -4.17% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.95 of the overall float, the days-to-cover ratio (short ratio) decline to 3.95.
