Edison International’s filing revealed that its PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew unloaded Company’s shares for reported $2.04 million on Aug 26 ’24. In the deal valued at $85.45 per share,23,896 shares were sold. As a result of this transaction, Murphy J Andrew now holds 19,850 shares worth roughly $1.66 million.
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Then, Murphy J Andrew sold 1,362 shares, generating $115,770 in total proceeds. Upon selling the shares at $85.00, the PRESIDENT & CEO, EDISON ENERGY now owns 19,850 shares.
Before that, Murphy J Andrew sold 32,505 shares. Edison International shares valued at $2,604,395 were divested by the PRESIDENT & CEO, EDISON ENERGY at a price of $80.12 per share. As a result of the transaction, Murphy J Andrew now holds 19,660 shares, worth roughly $1.64 million.
A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Goldman began covering EIX with “Neutral” recommendation on April 10, 2024. Guggenheim revised its rating on January 22, 2024. It rated EIX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EIX
On Friday, Edison International [NYSE:EIX] saw its stock jump 0.72% to $83.61. Over the last five days, the stock has lost -2.98%. Edison International shares have risen nearly 16.95% since the year began. Nevertheless, the stocks have risen 28.77% over the past one year. While a 52-week high of $88.77 was reached on 09/04/24, a 52-week low of $61.64 was recorded on 02/13/24. SMA at 50 days reached $84.85, while 200 days put it at $74.59.
Levels Of Support And Resistance For EIX Stock
The 24-hour chart illustrates a support level at 83.26, which if violated will result in even more drops to 82.91. On the upside, there is a resistance level at 83.90. A further resistance level may holdings at 84.19. The Relative Strength Index (RSI) on the 14-day chart is 41.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.28%. Stochastics %K at 11.08% indicates the stock is a buying.
How much short interest is there in Edison International?
A steep rise in short interest was recorded in Edison International stocks on 2024-09-30, growing by 0.81 million shares to a total of 5.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.16 million shares. There was a rise of 13.62%, which implies that there is a positive sentiment for the stock.
