Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Edwards Lifesciences Corp shares valued at $73,359 were sold by Lippis Daniel J. on May 07 ’24. At $85.60 per share, Lippis Daniel J. sold 857 shares. The insider’s holdings dropped to 23,890 shares worth approximately $2.09 million following the completion of this transaction.
Also, Zovighian Bernard J purchased 580 shares, netting a total of over 49,753 in proceeds. Following the buying of shares at $85.74 each, the insider now holds 3,268 shares.
Before that, MUSSALLEM MICHAEL A had sold 29,350 shares from its account. In a trade valued at $2,487,966, the Director traded Edwards Lifesciences Corp shares for $84.77 each. Upon closing the transaction, the insider’s holdings decreased to 29,350 shares, worth approximately $0.39 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 surge of approximately 2.77%. Over the course of the year, Edwards Lifesciences Corp shares have jumped approximately 14.65%. 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 $89.86, while a 200-day SMA reached $78.34. Nevertheless, trading volume fell to 3.42 million shares from 1.84 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 85.69, which, if violated, would cause prices to drop to 83.96. In the upper region, resistance lies at 88.47. The next price resistance is at 89.52. RSI (Relative Strength Index) is 49.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 30.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
