Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Consolidated Edison, Inc. shares valued at $96 were purchased by Miller Joseph on Jun 14 ’24. At $90.27 per share, Miller Joseph acquired 1 shares. The insider’s holdings grew to 1,184 shares worth approximately $0.11 million following the completion of this transaction.
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Also, KILLIAN JOHN F sold 1,500 shares, netting a total of over 145,680 in proceeds. Following the sale of shares at $97.12 each, the insider now holds 38,496 shares.
Before that, Hensley Jennifer had added 47 shares to its account. In a trade valued at $4,444, the SVP, Corporate Affairs bought Consolidated Edison, Inc. shares for $94.40 each. Upon closing the transaction, the insider’s holdings increased to 47 shares, worth approximately $22061.280000000002.
As published in a research note from KeyBanc Capital Markets on January 04, 2024, Consolidated Edison, Inc. [ED] has been rated up from an Underweight to a Sector weight. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of October 17, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for ED. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for ED stock.
Analyzing ED Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, Consolidated Edison, Inc. shares have dropped approximately -1.42%. Shares of the company reached a 52-week high of $98.55 on 05/10/24 and a 52-week low of $85.85 on 03/01/24. A 50-day SMA is recorded $93.54, while a 200-day SMA reached $90.53. Nevertheless, trading volume fell to 1.23 million shares from 1.84 million shares the previous day.
Support And Resistance Levels for Consolidated Edison, Inc. (ED)
According to the 24-hour chart, there is a support level at 89.33, which, if violated, would cause prices to drop to 88.97. In the upper region, resistance lies at 89.97. The next price resistance is at 90.25. RSI (Relative Strength Index) is 36.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 72.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
