Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Emerson Electric Co. shares valued at $238,700 were sold by Piazza Nicholas J. on Mar 04 ’24. At $108.50 per share, Piazza Nicholas J. sold 2,200 shares. The insider’s holdings dropped to 22,754 shares worth approximately $2.51 million following the completion of this transaction.
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Also, LEVATICH MATTHEW S sold 1,933 shares, netting a total of over 204,081 in proceeds. Following the sale of shares at $105.58 each, the insider now holds 24,965 shares.
Before that, Karsanbhai Surendralal Lanca had sold 2,344 shares from its account. In a trade valued at $248,513, the President & CEO traded Emerson Electric Co. shares for $106.02 each. Upon closing the transaction, the insider’s holdings decreased to 2,344 shares, worth approximately $15.33 million.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Emerson Electric Co. [EMR] has been an Underweight and the price target has been revised to $105. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of July 08, 2024, Redburn Atlantic has initiated its “Buy” rating for EMR. Earlier on May 09, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for EMR stock which previously was a “a Hold”.
Analyzing EMR Stock Performance
During the last five days, there has been a surge of approximately 5.81%. Over the course of the year, Emerson Electric Co. shares have jumped approximately 13.50%. Shares of the company reached a 52-week high of $119.53 on 07/16/24 and a 52-week low of $91.64 on 01/31/24. A 50-day SMA is recorded $105.76, while a 200-day SMA reached $106.51. Nevertheless, trading volume fell to 3.16 million shares from 2.82 million shares the previous day.
Support And Resistance Levels for Emerson Electric Co. (EMR)
According to the 24-hour chart, there is a support level at 109.28, which, if violated, would cause prices to drop to 108.10. In the upper region, resistance lies at 111.32. The next price resistance is at 112.18. RSI (Relative Strength Index) is 65.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.55, which suggests the price will increase in the coming days. Percent R is at 5.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
