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 $0.13 million following the completion of this transaction.
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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 $4.07 million.
As published in a research note from Citigroup on October 15, 2024, Consolidated Edison, Inc. [ED] has been rated up from a Neutral to a Buy and the price target has been revised to $116 from $103. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early October. As of July 22, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for ED. Earlier on January 04, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “a Sector weight” for ED stock which previously was a “an Underweight”.
Analyzing ED Stock Performance
During the last five days, there has been a surge of approximately 4.02%. Over the course of the year, Consolidated Edison, Inc. shares have jumped approximately 16.15%. Shares of the company reached a 52-week high of $106.45 on 10/17/24 and a 52-week low of $85.85 on 03/01/24. A 50-day SMA is recorded $102.66, while a 200-day SMA reached $94.48. Nevertheless, trading volume fell to 1.73 million shares from 1.87 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 104.96, which, if violated, would cause prices to drop to 104.26. In the upper region, resistance lies at 106.40. The next price resistance is at 107.15. RSI (Relative Strength Index) is 60.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.13, which suggests the price will increase in the coming days. Percent R is at 14.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
