In a filing, Southwest Gas Holdings Inc revealed its CEO/Centuri Group, Inc. Daily Paul M unloaded Company’s shares for reported $63797.0 on Dec 27 ’23. In the deal valued at $63.80 per share,1,000 shares were sold. As a result of this transaction, Daily Paul M now holds 58,377 shares worth roughly $4.28 million.
Then, ICAHN CARL C bought 1,400 shares, generating $86,800 in total proceeds. Upon buying the shares at $62.00, the 10% Owner now owns 11,022,604 shares.
Before that, ICAHN CARL C bought 4,536 shares. Southwest Gas Holdings Inc shares valued at $281,141 were divested by the 10% Owner at a price of $61.98 per share. As a result of the transaction, ICAHN CARL C now holds 11,021,204 shares, worth roughly $807.41 million.
BofA Securities downgraded its Southwest Gas Holdings Inc [SWX] rating to a Neutral from a a Buy in a research note published on November 30, 2022; the price target was decreased to $65 from $87. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. BofA Securities also remained covering SWX and has increased its forecast on March 30, 2022 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on January 29, 2021. It rated SWX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SWX
On Tuesday, Southwest Gas Holdings Inc [NYSE:SWX] saw its stock jump 1.33% to $73.26. Over the last five days, the stock has lost -2.51%. Southwest Gas Holdings Inc shares have risen nearly 15.64% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $76.75 was reached on 04/04/24, a 52-week low of $53.79 was recorded on 02/08/24. SMA at 50 days reached $68.70, while 200 days put it at $63.58. A total of 0.46 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For SWX Stock
The 24-hour chart illustrates a support level at 71.95, which if violated will result in even more drops to 70.64. On the upside, there is a resistance level at 74.04. A further resistance level may holdings at 74.82. The Relative Strength Index (RSI) on the 14-day chart is 53.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.43%. Stochastics %K at 27.20% indicates the stock is a holding.
