The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Equitable Holdings Inc shares valued at $1,265,972 were sold by Pearson Mark on Aug 29 ’24. At $42.20 per share, Pearson Mark sold 30,000 shares. The insider’s holdings dropped to 678,555 shares worth approximately $27.5 million following the completion of this transaction.
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Also, MARK PEARSON purchased 30,000 shares, netting a total of over 1,256,100 in proceeds.
Before that, HURD JEFFREY J had sold 9,969 shares from its account. In a trade valued at $429,589, the Chief Operating Officer traded Equitable Holdings Inc shares for $43.09 each. Upon closing the transaction, the insider’s holdings decreased to 9,969 shares, worth approximately $4.52 million.
As published in their initiating research note from Barclays on September 05, 2024, Equitable Holdings Inc [EQH] has been an Overweight and the price target has been revised to $59. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of January 03, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for EQH. Earlier on December 11, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for EQH stock which previously was a “a Hold”.
Analyzing EQH Stock Performance
During the last five days, there has been a drop of approximately -3.20%. Over the course of the year, Equitable Holdings Inc shares have jumped approximately 21.71%. Shares of the company reached a 52-week high of $44.50 on 07/31/24 and a 52-week low of $31.76 on 02/01/24. A 50-day SMA is recorded $41.00, while a 200-day SMA reached $36.97. Nevertheless, trading volume fell to 1.39 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Equitable Holdings Inc (EQH)
According to the 24-hour chart, there is a support level at 40.24, which, if violated, would cause prices to drop to 39.96. In the upper region, resistance lies at 41.09. The next price resistance is at 41.65. RSI (Relative Strength Index) is 47.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 79.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
