The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Endeavor Group Holdings Inc shares valued at $552,331 were sold by Lublin Jason on May 14 ’24. At $26.51 per share, Lublin Jason sold 20,832 shares. The insider’s holdings dropped to 130,187 shares worth approximately $3.48 million following the completion of this transaction.
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Also, Fullerton William K. sold 6,750 shares, netting a total of over 178,942 in proceeds. Following the sale of shares at $26.51 each, the insider now holds 46,600 shares.
Before that, Whitesell Patrick had added 1,642,970 shares to its account. In a trade valued at $146,240,760, the 10% Owner bought Endeavor Group Holdings Inc shares for $89.01 each. Upon closing the transaction, the insider’s holdings increased to 1,642,970 shares, worth approximately $43.88 million.
As published in a research note from Citigroup on April 15, 2024, Endeavor Group Holdings Inc [EDR] has been rated down from a Buy to a Neutral and the price target has been revised to $27.50. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of May 01, 2023, Guggenheim has initiated its “Buy” rating for EDR. Earlier on April 24, 2023, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for EDR stock.
Analyzing EDR Stock Performance
During the last five days, there has been a surge of approximately 0.11%. Over the course of the year, Endeavor Group Holdings Inc shares have jumped approximately 12.56%. Shares of the company reached a 52-week high of $27.01 on 05/21/24 and a 52-week low of $22.75 on 01/04/24. A 50-day SMA is recorded $26.19, while a 200-day SMA reached $23.91. Nevertheless, trading volume fell to 2.45 million shares from 2.76 million shares the previous day.
Support And Resistance Levels for Endeavor Group Holdings Inc (EDR)
According to the 24-hour chart, there is a support level at 26.64, which, if violated, would cause prices to drop to 26.58. In the upper region, resistance lies at 26.79. The next price resistance is at 26.88. RSI (Relative Strength Index) is 61.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 48.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
