Emerson Electric Co.’s filing revealed that its Senior VP & CPO Piazza Nicholas J. unloaded Company’s shares for reported $0.24 million on Mar 04 ’24. In the deal valued at $108.50 per share,2,200 shares were sold. As a result of this transaction, Piazza Nicholas J. now holds 22,754 shares worth roughly $2.49 million.
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Then, LEVATICH MATTHEW S sold 1,933 shares, generating $204,081 in total proceeds. Upon selling the shares at $105.58, the Director now owns 24,965 shares.
Before that, Karsanbhai Surendralal Lanca sold 2,344 shares. Emerson Electric Co. shares valued at $248,513 were divested by the President & CEO at a price of $106.02 per share. As a result of the transaction, Karsanbhai Surendralal Lanca now holds 138,750 shares, worth roughly $15.18 million.
Morgan Stanley initiated its Emerson Electric Co. [EMR] rating to an Underweight in a research note published on September 06, 2024; the price target was $105. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. Redburn Atlantic began covering EMR with “Buy” recommendation on July 08, 2024. Deutsche Bank revised its rating on May 09, 2024. It rated EMR as “a Buy” which previously was an “a Hold”.
Price Performance Review of EMR
On Tuesday, Emerson Electric Co. [NYSE:EMR] saw its stock fall -2.76% to $109.42. Over the last five days, the stock has gained 0.15%. Emerson Electric Co. shares have risen nearly 12.42% since the year began. Nevertheless, the stocks have risen 15.13% over the past one year. While a 52-week high of $119.53 was reached on 07/16/24, a 52-week low of $83.10 was recorded on 01/31/24. SMA at 50 days reached $105.35, while 200 days put it at $106.81.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 108.12, which if violated will result in even more drops to 106.82. On the upside, there is a resistance level at 111.17. A further resistance level may holdings at 112.92. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.43%. Stochastics %K at 84.35% indicates the stock is a selling.
How much short interest is there in Emerson Electric Co.?
A steep rise in short interest was recorded in Emerson Electric Co. stocks on 2024-09-13, growing by 0.26 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.77 million shares. There was a rise of 3.66%, which implies that there is a positive sentiment for the stock.
