Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Edison International shares valued at $2,041,856 were sold by Murphy J Andrew on Aug 26 ’24. At $85.45 per share, Murphy J Andrew sold 23,896 shares. The insider’s holdings dropped to 19,850 shares worth approximately $1.68 million following the completion of this transaction.
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Also, Murphy J Andrew sold 1,362 shares, netting a total of over 115,770 in proceeds. Following the sale of shares at $85.00 each, the insider now holds 19,850 shares.
Before that, Murphy J Andrew had sold 32,505 shares from its account. In a trade valued at $2,604,395, the PRESIDENT & CEO, EDISON ENERGY traded Edison International shares for $80.12 each. Upon closing the transaction, the insider’s holdings decreased to 32,505 shares, worth approximately $1.66 million.
Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of April 10, 2024, Goldman has initiated its “Neutral” rating for EIX. Earlier on January 22, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for EIX stock which previously was a “a Neutral”.
Analyzing EIX Stock Performance
During the last five days, there has been a drop of approximately -3.43%. Over the course of the year, Edison International shares have jumped approximately 18.38%. Shares of the company reached a 52-week high of $88.77 on 09/04/24 and a 52-week low of $63.15 on 02/13/24. A 50-day SMA is recorded $80.50, while a 200-day SMA reached $72.77. Nevertheless, trading volume fell to 1.79 million shares from 3.12 million shares the previous day.
Support And Resistance Levels for Edison International (EIX)
According to the 24-hour chart, there is a support level at 84.19, which, if violated, would cause prices to drop to 83.76. In the upper region, resistance lies at 84.95. The next price resistance is at 85.28. RSI (Relative Strength Index) is 54.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 72.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
