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. Edwards Lifesciences Corp shares valued at $79,135 were sold by Lippis Daniel J. on Apr 09 ’24. At $92.34 per share, Lippis Daniel J. sold 857 shares. The insider’s holdings dropped to 17,488 shares worth approximately $1.51 million following the completion of this transaction.
Also, Lemercier Jean-Luc M sold 14,400 shares, netting a total of over 1,329,472 in proceeds. Following the sale of shares at $92.32 each, the insider now holds 173,849 shares.
Before that, BOBO DONALD E JR had sold 12,500 shares from its account. In a trade valued at $1,154,142, the CVP,Strategy/Corp Development traded Edwards Lifesciences Corp shares for $92.33 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $3.44 million.
As published in a research note from BofA Securities on March 07, 2024, Edwards Lifesciences Corp [EW] has been rated up from a Neutral to a Buy. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of January 04, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for EW. Earlier on December 11, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EW stock which previously was a “a Buy”.
Analyzing EW Stock Performance
During the last five days, there has been a drop of approximately -5.43%. Over the course of the year, Edwards Lifesciences Corp shares have jumped approximately 13.38%. Shares of the company reached a 52-week high of $96.12 on 03/28/24 and a 52-week low of $71.67 on 01/04/24. A 50-day SMA is recorded $89.95, while a 200-day SMA reached $78.78. Nevertheless, trading volume fell to 3.12 million shares from 2.64 million shares the previous day.
Support And Resistance Levels for Edwards Lifesciences Corp (EW)
According to the 24-hour chart, there is a support level at 85.84, which, if violated, would cause prices to drop to 85.22. In the upper region, resistance lies at 87.21. The next price resistance is at 87.96. RSI (Relative Strength Index) is 35.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 95.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
