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Potential Price Increase for Equitable Holdings Inc (EQH) After Recent Insider Activity

In a filing, Equitable Holdings Inc revealed its Chief Accounting Officer Eckert William James IV unloaded Company’s shares for reported $0.15 million on Sep 19 ’24. In the deal valued at $42.42 per share,3,500 shares were sold. As a result of this transaction, Eckert William James IV now holds 19,321 shares worth roughly $0.81 million.

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Then, WILLIAM J ECKERT IV bought 3,500 shares, generating $148,456 in total proceeds.

Before that, Pearson Mark sold 30,000 shares. Equitable Holdings Inc shares valued at $1,223,263 were divested by the President and CEO at a price of $40.78 per share. As a result of the transaction, Pearson Mark now holds 668,555 shares, worth roughly $28.15 million.

Barclays initiated its Equitable Holdings Inc [EQH] rating to an Overweight in a research note published on September 05, 2024; the price target was $59. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. JP Morgan also remained covering EQH and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on December 11, 2023. It rated EQH as “a Buy” which previously was an “a Hold”.

Price Performance Review of EQH

On Friday, Equitable Holdings Inc [NYSE:EQH] saw its stock fall -0.85% to $42.11. Over the last five days, the stock has gained 4.96%. Equitable Holdings Inc shares have risen nearly 26.46% since the year began. Nevertheless, the stocks have risen 44.91% over the past one year. While a 52-week high of $44.50 was reached on 07/31/24, a 52-week low of $24.65 was recorded on 02/01/24. SMA at 50 days reached $40.90, while 200 days put it at $37.56.

Levels Of Support And Resistance For EQH Stock

The 24-hour chart illustrates a support level at 41.81, which if violated will result in even more drops to 41.51. On the upside, there is a resistance level at 42.44. A further resistance level may holdings at 42.77. The Relative Strength Index (RSI) on the 14-day chart is 59.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.02%. Stochastics %K at 84.23% indicates the stock is a selling.

How much short interest is there in Equitable Holdings Inc?

A steep rise in short interest was recorded in Equitable Holdings Inc stocks on 2024-08-30, growing by 97399.0 shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.03 million shares. There was a rise of 2.36%, which implies that there is a positive sentiment for the stock.

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