Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Consolidated Edison, Inc. shares valued at $97 were purchased by Miller Joseph on Sep 16 ’24. At $105.07 per share, Miller Joseph acquired 1 shares. The insider’s holdings grew to 1,203 shares worth approximately $0.12 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Miller Joseph purchased 1 shares, netting a total of over 96 in proceeds. Following the buying of shares at $90.27 each, the insider now holds 1,184 shares.
Before that, KILLIAN JOHN F had sold 1,500 shares from its account. In a trade valued at $145,680, the Director traded Consolidated Edison, Inc. shares for $97.12 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $3.91 million.
As published in their initiating research note from Jefferies on October 09, 2024, Consolidated Edison, Inc. [ED] has been a Hold and the price target has been revised to $108. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of January 04, 2024, KeyBanc Capital Markets has increased its “an Underweight” rating to a “Sector weight” for ED. Earlier on January 03, 2024, Ladenburg Thalmann initiated its rating. Their recommendation was “a Neutral” for ED stock.
Analyzing ED Stock Performance
During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, Consolidated Edison, Inc. shares have jumped approximately 11.66%. Shares of the company reached a 52-week high of $105.99 on 08/02/24 and a 52-week low of $85.85 on 03/01/24. A 50-day SMA is recorded $102.31, while a 200-day SMA reached $94.13. Nevertheless, trading volume fell to 1.18 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Consolidated Edison, Inc. (ED)
According to the 24-hour chart, there is a support level at 101.00, which, if violated, would cause prices to drop to 100.42. In the upper region, resistance lies at 102.66. The next price resistance is at 103.74. RSI (Relative Strength Index) is 44.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 86.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
