Edwards Lifesciences Corp’s recent filing unveils that its CEO Zovighian Bernard J unloaded Company’s shares for reported $0.76 million on May 30 ’24. In the deal valued at $87.68 per share,8,617 shares were sold. As a result of this transaction, Zovighian Bernard J now holds 68,218 shares worth roughly $5.87 million.
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Then, Ullem Scott B. sold 5,625 shares, generating $508,803 in total proceeds. Upon selling the shares at $90.45, the CVP, Chief Financial Officer now owns 30,561 shares.
Before that, BOBO DONALD E JR sold 5,000 shares. Edwards Lifesciences Corp shares valued at $439,038 were divested by the CVP,Strategy/Corp Development at a price of $87.81 per share. As a result of the transaction, BOBO DONALD E JR now holds 47,750 shares, worth roughly $4.11 million.
Goldman initiated its Edwards Lifesciences Corp [EW] rating to a Buy in a research note published on May 30, 2024; the price target was $107. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Deutsche Bank also remained covering EW and has increased its forecast on May 14, 2024 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on March 07, 2024. It rated EW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EW
On Monday, Edwards Lifesciences Corp [NYSE:EW] saw its stock fall -2.31% to $86.10. Over the last five days, the stock has lost -2.00%. Edwards Lifesciences Corp shares have risen nearly 12.92% since the year began. Nevertheless, the stocks have risen 2.55% over the past one year. While a 52-week high of $96.12 was reached on 03/28/24, a 52-week low of $60.57 was recorded on 01/04/24. SMA at 50 days reached $88.31, while 200 days put it at $79.19. A total of 2.23 million shares were traded, compared to the trading of 1.68 million shares in the previous session.
Levels Of Support And Resistance For EW Stock
The 24-hour chart illustrates a support level at 85.18, which if violated will result in even more drops to 84.26. On the upside, there is a resistance level at 87.44. A further resistance level may holdings at 88.78. The Relative Strength Index (RSI) on the 14-day chart is 43.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.11%. Stochastics %K at 25.61% indicates the stock is a holding.
