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. Endeavor Group Holdings Inc shares valued at $4,194,320 were sold by Emanuel Ariel on Sep 24 ’24. At $28.10 per share, Emanuel Ariel sold 149,280 shares. The insider’s holdings dropped to 1,831,247 shares worth approximately $52.59 million following the completion of this transaction.
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Also, Emanuel Ariel sold 27,816 shares, netting a total of over 779,126 in proceeds. Following the sale of shares at $28.01 each, the insider now holds 1,831,247 shares.
Before that, Ariel Z. Emanuel had added 149,280 shares to its account. In a trade valued at $4,166,405, the Director bought Endeavor Group Holdings Inc shares for $27.91 each.
As published in a research note from Citigroup on April 15, 2024, Endeavor Group Holdings Inc [EDR] has been rated down from a Buy to a Neutral and the price target has been revised to $27.50. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of May 01, 2023, Guggenheim has initiated its “Buy” rating for EDR. Earlier on April 24, 2023, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for EDR stock.
Analyzing EDR Stock Performance
During the last five days, there has been a surge of approximately 2.57%. Over the course of the year, Endeavor Group Holdings Inc shares have jumped approximately 21.03%. Shares of the company reached a 52-week high of $28.80 on 10/02/24 and a 52-week low of $22.75 on 01/04/24. A 50-day SMA is recorded $27.61, while a 200-day SMA reached $26.10. Nevertheless, trading volume fell to 4.07 million shares from 3.39 million shares the previous day.
Support And Resistance Levels for Endeavor Group Holdings Inc (EDR)
According to the 24-hour chart, there is a support level at 28.43, which, if violated, would cause prices to drop to 28.15. In the upper region, resistance lies at 28.90. The next price resistance is at 29.09. RSI (Relative Strength Index) is 72.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 6.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
