Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equitable Holdings Inc shares valued at $5,802,650 were sold by BERNSTEIN SETH P on May 02 ’24. At $38.06 per share, BERNSTEIN SETH P sold 152,473 shares. The insider’s holdings dropped to 88,660 shares worth approximately $3.5 million following the completion of this transaction.
Also, Pearson Mark sold 30,000 shares, netting a total of over 1,087,120 in proceeds. Following the sale of shares at $36.24 each, the insider now holds 685,025 shares.
Before that, HURD JEFFREY J had sold 9,969 shares from its account. In a trade valued at $361,239, the Chief Operating Officer traded Equitable Holdings Inc shares for $36.24 each. Upon closing the transaction, the insider’s holdings decreased to 9,969 shares, worth approximately $5.56 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 surge of approximately 2.12%. Over the course of the year, Equitable Holdings Inc shares have jumped approximately 18.41%. Shares of the company reached a 52-week high of $39.81 on 05/07/24 and a 52-week low of $31.76 on 02/01/24. A 50-day SMA is recorded $36.48, while a 200-day SMA reached $31.64. Nevertheless, trading volume fell to 2.68 million shares from 2.67 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 39.01, which, if violated, would cause prices to drop to 38.60. In the upper region, resistance lies at 39.72. The next price resistance is at 40.02. RSI (Relative Strength Index) is 66.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 10.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
