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An Analysis of Edwards Lifesciences Corp (EW)’s Potential Price Growth

In a filing, Edwards Lifesciences Corp revealed its CVP, JAPAC Lippis Daniel J. unloaded Company’s shares for reported $79135.0 on Apr 09 ’24. In the deal valued at $92.34 per share,857 shares were sold. As a result of this transaction, Lippis Daniel J. now holds 17,488 shares worth roughly $1.5 million.

Then, Lemercier Jean-Luc M sold 14,400 shares, generating $1,329,472 in total proceeds. Upon selling the shares at $92.32, the CVP, EMEACLA now owns 173,849 shares.

Before that, BOBO DONALD E JR sold 12,500 shares. Edwards Lifesciences Corp shares valued at $1,154,142 were divested by the CVP,Strategy/Corp Development at a price of $92.33 per share. As a result of the transaction, BOBO DONALD E JR now holds 39,768 shares, worth roughly $3.42 million.

BofA Securities upgraded its Edwards Lifesciences Corp [EW] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early February from “an Equal weight” to “an Overweight”. Evercore ISI also remained covering EW and has decreased its forecast on January 04, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Citigroup revised its rating on December 11, 2023. It rated EW as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EW

On Monday, Edwards Lifesciences Corp [NYSE:EW] saw its stock fall -0.56% to $85.95. Over the last five days, the stock has lost -1.16%. Edwards Lifesciences Corp shares have risen nearly 12.72% since the year began. Nevertheless, the stocks have fallen -0.89% over the past one year. While a 52-week high of $96.12 was reached on 03/28/24, a 52-week low of $60.57 was recorded on 01/04/24. SMA at 50 days reached $90.08, while 200 days put it at $78.62. A total of 3.0 million shares were traded, compared to the trading of 3.23 million shares in the previous session.

Levels Of Support And Resistance For EW Stock

The 24-hour chart illustrates a support level at 84.98, which if violated will result in even more drops to 84.02. On the upside, there is a resistance level at 87.06. A further resistance level may holdings at 88.18. The Relative Strength Index (RSI) on the 14-day chart is 37.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.02%. Stochastics %K at 23.16% indicates the stock is a holding.

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