Consolidated Edison, Inc.’s recently made public that its VP & Controller Miller Joseph acquired Company’s shares for reported $97.0 on Sep 16 ’24. In the deal valued at $105.07 per share,1 shares were bought. As a result of this transaction, Miller Joseph now holds 1,203 shares worth roughly $0.12 million.
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Then, Miller Joseph bought 1 shares, generating $96 in total proceeds. Upon buying the shares at $90.27, the VP & Controller now owns 1,184 shares.
Before that, KILLIAN JOHN F sold 1,500 shares. Consolidated Edison, Inc. shares valued at $145,680 were divested by the Director at a price of $97.12 per share. As a result of the transaction, KILLIAN JOHN F now holds 38,496 shares, worth roughly $3.89 million.
Barclays downgraded its Consolidated Edison, Inc. [ED] rating to an Underweight from a an Equal weight in a research note published on July 22, 2024; the price target was decreased to $92 from $97. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early January from “an Underweight” to “a Sector weight”. Ladenburg Thalmann began covering ED with “Neutral” recommendation on January 03, 2024. Wells Fargo revised its rating on October 17, 2023. It rated ED as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of ED
On Monday, Consolidated Edison, Inc. [NYSE:ED] saw its stock fall -1.95% to $101.14. Over the last five days, the stock has lost -2.87%. Consolidated Edison, Inc. shares have risen nearly 11.18% since the year began. Nevertheless, the stocks have risen 19.33% over the past one year. While a 52-week high of $105.99 was reached on 08/02/24, a 52-week low of $82.66 was recorded on 03/01/24. SMA at 50 days reached $102.04, while 200 days put it at $93.95.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 100.49, which if violated will result in even more drops to 99.83. On the upside, there is a resistance level at 102.25. A further resistance level may holdings at 103.35. The Relative Strength Index (RSI) on the 14-day chart is 41.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.70%. Stochastics %K at 38.25% indicates the stock is a holding.
How much short interest is there in Consolidated Edison, Inc.?
A steep rise in short interest was recorded in Consolidated Edison, Inc. stocks on 2024-09-13, growing by 0.85 million shares to a total of 6.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.65 million shares. There was a rise of 13.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $88 price target.
