Edison International’s filing revealed that its PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew unloaded Company’s shares for reported $2.27 million on Jul 26 ’24. In the deal valued at $78.43 per share,28,995 shares were sold. As a result of this transaction, Murphy J Andrew now holds 19,660 shares worth roughly $1.54 million.
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Then, Choi Caroline sold 10,004 shares, generating $757,996 in total proceeds. Upon selling the shares at $75.77, the SENIOR VICE PRESIDENT now owns 26,918 shares.
Before that, Murphy J Andrew sold 45,012 shares. Edison International shares valued at $3,382,274 were divested by the PRESIDENT & CEO, EDISON ENERGY at a price of $75.14 per share. As a result of the transaction, Murphy J Andrew now holds 19,660 shares, worth roughly $1.54 million.
UBS downgraded its Edison International [EIX] rating to a Neutral from a a Buy in a research note published on July 19, 2024; the price target was decreased to $82 from $83. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. Guggenheim also remained covering EIX and has increased its forecast on January 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on October 23, 2023. It rated EIX as “an Outperform” which previously was an “an In-line”.
Price Performance Review of EIX
On Monday, Edison International [NYSE:EIX] saw its stock fall -0.39% to $78.20. Over the last five days, the stock has gained 3.99%. Edison International shares have risen nearly 9.39% since the year began. Nevertheless, the stocks have risen 10.36% over the past one year. While a 52-week high of $79.50 was reached on 07/26/24, a 52-week low of $58.82 was recorded on 02/13/24. SMA at 50 days reached $74.06, while 200 days put it at $69.64. A total of 2.01 million shares were traded, compared to the trading of 2.78 million shares in the previous session.
Levels Of Support And Resistance For EIX Stock
The 24-hour chart illustrates a support level at 77.54, which if violated will result in even more drops to 76.89. On the upside, there is a resistance level at 78.93. A further resistance level may holdings at 79.67. The Relative Strength Index (RSI) on the 14-day chart is 70.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.38%. Stochastics%K at 84.33% indicates the stock is a selling.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $68 price target.
