In a filing, Edison International revealed its PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew unloaded Company’s shares for reported $2.6 million on Jul 31 ’24. In the deal valued at $80.12 per share,32,505 shares were sold. As a result of this transaction, Murphy J Andrew now holds 19,660 shares worth roughly $1.65 million.
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Then, Schilling Natalie K sold 2,341 shares, generating $187,285 in total proceeds. Upon selling the shares at $80.00, the SENIOR VP & CHIEF HR OFFICER now owns 6,338 shares.
Before that, Murphy J Andrew sold 28,995 shares. Edison International shares valued at $2,273,962 were divested by the PRESIDENT & CEO, EDISON ENERGY at a price of $78.43 per share. As a result of the transaction, Murphy J Andrew now holds 19,660 shares, worth roughly $1.65 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 jump 0.58% to $83.89. Over the last five days, the stock has gained 1.80%. Edison International shares have risen nearly 17.35% since the year began. Nevertheless, the stocks have risen 22.29% over the past one year. While a 52-week high of $83.80 was reached on 08/19/24, a 52-week low of $58.82 was recorded on 02/13/24. SMA at 50 days reached $76.03, while 200 days put it at $70.98.
Levels Of Support And Resistance For EIX Stock
The 24-hour chart illustrates a support level at 83.41, which if violated will result in even more drops to 82.92. On the upside, there is a resistance level at 84.18. A further resistance level may holdings at 84.46. The Relative Strength Index (RSI) on the 14-day chart is 77.78, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.83%. Stochastics%K at 93.68% indicates the stock is a selling.
How much short interest is there in Edison International?
A steep rise in short interest was recorded in Edison International stocks on 2024-07-31, dropping by -0.55 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.55 million shares. There was a decline of -10.95%, which implies that there is a negative sentiment for the stock.
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.
