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Citigroup analysts downgrades a Neutral rating for Endeavor Group Holdings Inc (EDR)

Endeavor Group Holdings Inc’s filing revealed that its Chief Financial Officer Lublin Jason unloaded Company’s shares for reported $0.55 million on May 14 ’24. In the deal valued at $26.51 per share,20,832 shares were sold. As a result of this transaction, Lublin Jason now holds 130,187 shares worth roughly $3.5 million.

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Then, Fullerton William K. sold 6,750 shares, generating $178,942 in total proceeds. Upon selling the shares at $26.51, the Global Controller and CAO now owns 46,600 shares.

Before that, Whitesell Patrick bought 1,642,970 shares. Endeavor Group Holdings Inc shares valued at $146,240,760 were divested by the 10% Owner at a price of $89.01 per share. As a result of the transaction, Whitesell Patrick now holds 1,642,970 shares, worth roughly $44.16 million.

Citigroup downgraded its Endeavor Group Holdings Inc [EDR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Guggenheim began covering EDR with “Buy” recommendation on May 01, 2023. Seaport Research Partners started covering the stock on April 24, 2023. It rated EDR as “a Buy”.

Price Performance Review of EDR

On Monday, Endeavor Group Holdings Inc [NYSE:EDR] saw its stock jump 0.19% to $26.88. Over the last five days, the stock has gained 0.41%. Endeavor Group Holdings Inc shares have risen nearly 13.27% since the year began. Nevertheless, the stocks have risen 21.14% over the past one year. While a 52-week high of $27.01 was reached on 05/21/24, a 52-week low of $17.65 was recorded on 01/04/24. SMA at 50 days reached $26.40, while 200 days put it at $23.97. A total of 2.77 million shares were traded, compared to the trading of 1.53 million shares in the previous session.

Levels Of Support And Resistance For EDR Stock

The 24-hour chart illustrates a support level at 26.81, which if violated will result in even more drops to 26.73. On the upside, there is a resistance level at 26.92. A further resistance level may holdings at 26.95. The Relative Strength Index (RSI) on the 14-day chart is 67.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.64%. Stochastics %K at 68.62% indicates the stock is a holding.

The most recent change occurred on August 04, 2022 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.

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