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Recent Insider Activity Suggests Potential Gains for Edwards Lifesciences Corp (EW)

Edwards Lifesciences Corp’s recent filing unveils that its CVP,Strategy/Corp Development BOBO DONALD E JR unloaded Company’s shares for reported $0.33 million on Sep 11 ’24. In the deal valued at $66.77 per share,5,000 shares were sold. As a result of this transaction, BOBO DONALD E JR now holds 46,936 shares worth roughly $3.03 million.

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Then, Chopra Daveen sold 1,250 shares, generating $87,438 in total proceeds. Upon selling the shares at $69.95, the CVP, TMTT now owns 29,333 shares.

Before that, Chopra Daveen bought 1,250 shares. Edwards Lifesciences Corp shares valued at $87,438 were divested by the Officer at a price of $69.95 per share.

Jefferies downgraded its Edwards Lifesciences Corp [EW] rating to a Hold from a a Buy in a research note published on September 18, 2024; the price target was decreased to $70 from $85. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “an Outperform”. Wolfe Research also remained covering EW and has increased its forecast on July 29, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. Truist revised its rating on July 25, 2024. It rated EW as “a Hold” which previously was an “a Buy”.

Price Performance Review of EW

On Monday, Edwards Lifesciences Corp [NYSE:EW] saw its stock fall -1.45% to $64.54. Over the last five days, the stock has lost -2.20%. Edwards Lifesciences Corp shares have fallen nearly -15.36% since the year began. Nevertheless, the stocks have fallen -10.61% over the past one year. While a 52-week high of $96.12 was reached on 03/28/24, a 52-week low of $58.93 was recorded on 07/25/24. SMA at 50 days reached $66.54, while 200 days put it at $81.04.

Levels Of Support And Resistance For EW Stock

The 24-hour chart illustrates a support level at 63.97, which if violated will result in even more drops to 63.39. On the upside, there is a resistance level at 65.15. A further resistance level may holdings at 65.76. The Relative Strength Index (RSI) on the 14-day chart is 37.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.46%. Stochastics %K at 15.43% indicates the stock is a buying.

How much short interest is there in Edwards Lifesciences Corp?

A steep rise in short interest was recorded in Edwards Lifesciences Corp stocks on 2024-09-13, growing by 5.05 million shares to a total of 11.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.34 million shares. There was a rise of 44.33%, which implies that there is a positive sentiment for the stock.

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