In a filing, Consolidated Edison, Inc. revealed 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 $3.97 million.
Jefferies initiated its Consolidated Edison, Inc. [ED] rating to a Hold in a research note published on October 09, 2024; the price target was $108. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late July from “an Equal weight” to “an Underweight”. KeyBanc Capital Markets also remained covering ED and has increased its forecast on January 04, 2024 with a “Sector weight” recommendation from previously “an Underweight” rating. Ladenburg Thalmann started covering the stock on January 03, 2024. It rated ED as “a Neutral”.
Price Performance Review of ED
On Monday, Consolidated Edison, Inc. [NYSE:ED] saw its stock jump 0.70% to $103.04. Over the last five days, the stock has gained 1.88%. Consolidated Edison, Inc. shares have risen nearly 13.27% since the year began. Nevertheless, the stocks have risen 17.94% over the past one year. While a 52-week high of $105.99 was reached on 08/02/24, a 52-week low of $85.15 was recorded on 03/01/24. SMA at 50 days reached $102.37, while 200 days put it at $94.26.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 101.86, which if violated will result in even more drops to 100.68. On the upside, there is a resistance level at 103.68. A further resistance level may holdings at 104.32. The Relative Strength Index (RSI) on the 14-day chart is 51.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.84%. Stochastics %K at 29.53% 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 2024-09-30, growing by 0.25 million shares to a total of 6.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.44 million shares. There was a rise of 3.81%, which implies that there is a positive sentiment for the stock.
