Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Consolidated Edison, Inc. shares valued at $4,444 were purchased by Hensley Jennifer on Apr 30 ’24. At $94.40 per share, Hensley Jennifer acquired 47 shares. The insider’s holdings grew to 246 shares worth approximately $24002.219999999998 following the completion of this transaction.
Also, Cawley Timothy purchased 25 shares, netting a total of over 2,316 in proceeds. Following the buying of shares at $94.40 each, the insider now holds 86,437 shares.
Before that, HOGLUND ROBERT N had added 25 shares to its account. In a trade valued at $2,315, the SVP & CFO bought Consolidated Edison, Inc. shares for $94.40 each. Upon closing the transaction, the insider’s holdings increased to 25 shares, worth approximately $4.4 million.
As published in a research note from KeyBanc Capital Markets on January 04, 2024, Consolidated Edison, Inc. [ED] has been rated up from an Underweight to a Sector weight. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of October 17, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for ED. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for ED stock.
Analyzing ED Stock Performance
During the last five days, there has been a surge of approximately 2.92%. Over the course of the year, Consolidated Edison, Inc. shares have jumped approximately 7.26%. Shares of the company reached a 52-week high of $98.12 on 05/08/24 and a 52-week low of $85.85 on 03/01/24. A 50-day SMA is recorded $90.76, while a 200-day SMA reached $90.07. Nevertheless, trading volume fell to 2.16 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Consolidated Edison, Inc. (ED)
According to the 24-hour chart, there is a support level at 96.77, which, if violated, would cause prices to drop to 95.96. In the upper region, resistance lies at 98.25. The next price resistance is at 98.92. RSI (Relative Strength Index) is 74.16 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.57, which suggests the price will increase in the coming days. Percent R is at 7.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
