Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Edwards Lifesciences Corp shares valued at $347,534 were sold by BOBO DONALD E JR on Oct 15 ’24. At $69.51 per share, BOBO DONALD E JR sold 5,000 shares. The insider’s holdings dropped to 46,936 shares worth approximately $3.21 million following the completion of this transaction.
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Also, BOBO DONALD E JR sold 5,000 shares, netting a total of over 333,826 in proceeds. Following the sale of shares at $66.77 each, the insider now holds 46,936 shares.
Before that, Chopra Daveen had sold 1,250 shares from its account. In a trade valued at $87,438, the CVP, TMTT traded Edwards Lifesciences Corp shares for $69.95 each. Upon closing the transaction, the insider’s holdings decreased to 1,250 shares, worth approximately $2.01 million.
Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid September. As of July 31, 2024, Daiwa Securities has increased its “Neutral” rating to a “an Outperform” for EW. Earlier on July 29, 2024, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for EW stock which previously was a “an Underperform”.
Analyzing EW Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, Edwards Lifesciences Corp shares have dropped approximately -10.20%. Shares of the company reached a 52-week high of $96.12 on 03/28/24 and a 52-week low of $58.93 on 07/25/24. A 50-day SMA is recorded $67.56, while a 200-day SMA reached $80.76. Nevertheless, trading volume fell to 2.99 million shares from 3.79 million shares the previous day.
Support And Resistance Levels for Edwards Lifesciences Corp (EW)
According to the 24-hour chart, there is a support level at 68.06, which, if violated, would cause prices to drop to 67.64. In the upper region, resistance lies at 69.02. The next price resistance is at 69.56. RSI (Relative Strength Index) is 53.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 22.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
