Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Endeavor Group Holdings Inc shares valued at $1,399,031 were sold by Emanuel Ariel on Oct 08 ’24. At $29.04 per share, Emanuel Ariel sold 48,176 shares. The insider’s holdings dropped to 1,831,247 shares worth approximately $53.77 million following the completion of this transaction.
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Also, Ariel Z. Emanuel purchased 48,176 shares, netting a total of over 1,401,440 in proceeds.
Before that, Emanuel Ariel had sold 149,280 shares from its account. In a trade valued at $4,194,320, the Chief Executive Officer traded Endeavor Group Holdings Inc shares for $28.10 each. Upon closing the transaction, the insider’s holdings decreased to 149,280 shares, worth approximately $53.77 million.
As published in a research note from Citigroup on April 15, 2024, Endeavor Group Holdings Inc [EDR] has been rated down from a Buy to a Neutral and the price target has been revised to $27.50. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of May 01, 2023, Guggenheim has initiated its “Buy” rating for EDR. Earlier on April 24, 2023, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for EDR stock.
Analyzing EDR Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, Endeavor Group Holdings Inc shares have jumped approximately 23.73%. Shares of the company reached a 52-week high of $29.38 on 10/15/24 and a 52-week low of $22.75 on 01/04/24. A 50-day SMA is recorded $28.03, while a 200-day SMA reached $26.42. Nevertheless, trading volume fell to 2.32 million shares from 2.05 million shares the previous day.
Support And Resistance Levels for Endeavor Group Holdings Inc (EDR)
According to the 24-hour chart, there is a support level at 29.24, which, if violated, would cause prices to drop to 29.12. In the upper region, resistance lies at 29.43. The next price resistance is at 29.49. RSI (Relative Strength Index) is 75.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 1.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
