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. Equitable Holdings Inc shares valued at $1,087,120 were sold by Pearson Mark on Apr 15 ’24. At $36.24 per share, Pearson Mark sold 30,000 shares. The insider’s holdings dropped to 685,025 shares worth approximately $24.41 million following the completion of this transaction.
Also, HURD JEFFREY J sold 9,969 shares, netting a total of over 361,239 in proceeds. Following the sale of shares at $36.24 each, the insider now holds 141,062 shares.
Before that, Pearson Mark had sold 30,000 shares from its account. In a trade valued at $1,129,903, the President and CEO traded Equitable Holdings Inc shares for $37.66 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $24.77 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 -3.81%. Over the course of the year, Equitable Holdings Inc shares have jumped approximately 7.03%. 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 $35.34, while a 200-day SMA reached $30.89. Nevertheless, trading volume fell to 2.04 million shares from 3.3 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 35.39, which, if violated, would cause prices to drop to 35.13. In the upper region, resistance lies at 36.01. The next price resistance is at 36.39. RSI (Relative Strength Index) is 42.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 94.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
