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. Edwards Lifesciences Corp shares valued at $333,826 were sold by BOBO DONALD E JR on Sep 11 ’24. At $66.77 per share, BOBO DONALD E JR sold 5,000 shares. The insider’s holdings dropped to 46,936 shares worth approximately $3.16 million following the completion of this transaction.
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Also, Chopra Daveen sold 1,250 shares, netting a total of over 87,438 in proceeds. Following the sale of shares at $69.95 each, the insider now holds 29,333 shares.
Before that, Chopra Daveen had added 1,250 shares to its account. In a trade valued at $87,438, the Officer bought Edwards Lifesciences Corp shares for $69.95 each.
As published in a research note from Jefferies on September 18, 2024, Edwards Lifesciences Corp [EW] has been rated down from a Buy to a Hold and the price target has been revised to $70 from $85. Analysts at Daiwa Securities upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of July 29, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for EW. Earlier on July 25, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for EW stock which previously was a “a Buy”.
Analyzing EW Stock Performance
During the last five days, there has been a drop of approximately -1.28%. Over the course of the year, Edwards Lifesciences Corp shares have dropped approximately -11.79%. Shares of the company reached a 52-week high of $96.12 on 03/28/24 and a 52-week low of $58.93 on 07/25/24. A 50-day SMA is recorded $70.83, while a 200-day SMA reached $81.43. Nevertheless, trading volume fell to 7.11 million shares from 11.85 million shares the previous day.
Support And Resistance Levels for Edwards Lifesciences Corp (EW)
According to the 24-hour chart, there is a support level at 66.57, which, if violated, would cause prices to drop to 65.88. In the upper region, resistance lies at 68.51. The next price resistance is at 69.77. RSI (Relative Strength Index) is 44.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 63.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
