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JP Morgan downgrades Equitable Holdings Inc (EQH) rating to a Neutral

Equitable Holdings Inc’s recent filing unveils that its insider BERNSTEIN SETH P unloaded Company’s shares for reported $5.8 million on May 02 ’24. In the deal valued at $38.06 per share,152,473 shares were sold. As a result of this transaction, BERNSTEIN SETH P now holds 88,660 shares worth roughly $3.53 million.

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Then, Pearson Mark sold 30,000 shares, generating $1,087,120 in total proceeds. Upon selling the shares at $36.24, the President and CEO now owns 685,025 shares.

Before that, HURD JEFFREY J sold 9,969 shares. Equitable Holdings Inc shares valued at $361,239 were divested by the Chief Operating Officer at a price of $36.24 per share. As a result of the transaction, HURD JEFFREY J now holds 141,062 shares, worth roughly $5.62 million.

JP Morgan downgraded its Equitable Holdings Inc [EQH] rating to a Neutral from a an Overweight in a research note published on January 03, 2024; the price target was increased to $36 from $35. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Keefe Bruyette also remained covering EQH and has decreased its forecast on December 05, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on October 05, 2023. It rated EQH as “a Hold”.

Price Performance Review of EQH

On Friday, Equitable Holdings Inc [NYSE:EQH] saw its stock jump 0.50% to $39.84. Over the last five days, the stock has gained 3.37%. Equitable Holdings Inc shares have risen nearly 19.64% since the year began. Nevertheless, the stocks have risen 74.58% over the past one year. While a 52-week high of $39.94 was reached on 05/09/24, a 52-week low of $22.16 was recorded on 02/01/24. SMA at 50 days reached $36.70, while 200 days put it at $31.75. A total of 2.24 million shares were traded, compared to the trading of 2.26 million shares in the previous session.

Levels Of Support And Resistance For EQH Stock

The 24-hour chart illustrates a support level at 39.48, which if violated will result in even more drops to 39.12. On the upside, there is a resistance level at 40.05. A further resistance level may holdings at 40.26. The Relative Strength Index (RSI) on the 14-day chart is 68.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.39%. Stochastics %K at 92.34% indicates the stock is a selling.

The most recent change occurred on February 08, 2023 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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