The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Endeavor Group Holdings Inc shares valued at $146,240,760 were purchased by Whitesell Patrick on Apr 09 ’24. At $89.01 per share, Whitesell Patrick acquired 1,642,970 shares. The insider’s holdings grew to 1,642,970 shares worth approximately $43.37 million following the completion of this transaction.
Also, Lublin Jason sold 20,832 shares, netting a total of over 552,515 in proceeds. Following the sale of shares at $26.52 each, the insider now holds 130,187 shares.
Before that, Lublin Jason had sold 20,832 shares from its account. In a trade valued at $514,777, the Chief Financial Officer traded Endeavor Group Holdings Inc shares for $24.71 each. Upon closing the transaction, the insider’s holdings decreased to 20,832 shares, worth approximately $3.44 million.
As published in their initiating research note from TD Cowen on September 12, 2023, Endeavor Group Holdings Inc [EDR] has been an Outperform and the price target has been revised to $28. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early May. As of April 24, 2023, Seaport Research Partners has initiated its “Buy” rating for EDR. Earlier on August 04, 2022, BofA Securities initiated its rating. Their recommendation was “a Buy” for EDR stock.
Analyzing EDR Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Endeavor Group Holdings Inc shares have jumped approximately 11.25%. Shares of the company reached a 52-week high of $26.63 on 04/08/24 and a 52-week low of $22.75 on 01/04/24. A 50-day SMA is recorded $24.89, while a 200-day SMA reached $23.45. Nevertheless, trading volume fell to 2.87 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for Endeavor Group Holdings Inc (EDR)
According to the 24-hour chart, there is a support level at 26.36, which, if violated, would cause prices to drop to 26.31. In the upper region, resistance lies at 26.46. The next price resistance is at 26.51. RSI (Relative Strength Index) is 64.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 14.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Endeavor Group Holdings Inc subject to short interest?
Stocks of Endeavor Group Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.93 million shares to 8.51 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.58 million shares. A jump of 10.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.64.
