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Recent Insider Activity Suggests Potential Gains for Southwest Gas Holdings Inc (SWX)

Southwest Gas Holdings Inc’s recent filing unveils that its President/Southwest Gas Corp. Brown Justin L unloaded Company’s shares for reported $0.2 million on May 13 ’24. In the deal valued at $76.50 per share,2,625 shares were sold. As a result of this transaction, Brown Justin L now holds 23,830 shares worth roughly $1.69 million.

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Then, Daily Paul M sold 1,000 shares, generating $63,797 in total proceeds. Upon selling the shares at $63.80, the CEO/Centuri Group, Inc. now owns 58,377 shares.

Before that, ICAHN CARL C bought 1,400 shares. Southwest Gas Holdings Inc shares valued at $86,800 were divested by the 10% Owner at a price of $62.00 per share. As a result of the transaction, ICAHN CARL C now holds 11,022,604 shares, worth roughly $780.51 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Argus also remained covering SWX and has increased its forecast on June 09, 2022 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on March 30, 2022. It rated SWX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SWX

On Tuesday, Southwest Gas Holdings Inc [NYSE:SWX] saw its stock jump 2.25% to $70.81. Over the last five days, the stock has lost -3.96%. Southwest Gas Holdings Inc shares have risen nearly 11.78% since the year began. Nevertheless, the stocks have risen 11.25% over the past one year. While a 52-week high of $78.46 was reached on 05/21/24, a 52-week low of $56.17 was recorded on 02/08/24. SMA at 50 days reached $74.91, while 200 days put it at $66.41. A total of 0.33 million shares were traded, compared to the trading of 1.39 million shares in the previous session.

Levels Of Support And Resistance For SWX Stock

The 24-hour chart illustrates a support level at 69.64, which if violated will result in even more drops to 68.46. On the upside, there is a resistance level at 71.50. A further resistance level may holdings at 72.19. The Relative Strength Index (RSI) on the 14-day chart is 39.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.60%. Stochastics%K at 16.36% indicates the stock is a buying.

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