Consolidated Edison, Inc.’s recently made public that 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 $0.13 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 $4.07 million.
Citigroup upgraded its Consolidated Edison, Inc. [ED] rating to a Buy from a a Neutral in a research note published on October 15, 2024; the price target was increased to $116 from $103. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Hold”‘ rating. Barclays also remained covering ED and has decreased its forecast on July 22, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. KeyBanc Capital Markets revised its rating on January 04, 2024. It rated ED as “a Sector weight” which previously was an “an Underweight”.
Price Performance Review of ED
On Tuesday, Consolidated Edison, Inc. [NYSE:ED] saw its stock fall -0.53% to $105.70. Over the last five days, the stock has gained 0.24%. Consolidated Edison, Inc. shares have risen nearly 16.19% since the year began. Nevertheless, the stocks have risen 21.41% over the past one year. While a 52-week high of $107.10 was reached on 10/21/24, a 52-week low of $85.85 was recorded on 03/01/24. SMA at 50 days reached $102.97, while 200 days put it at $94.67.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 104.90, which if violated will result in even more drops to 104.09. On the upside, there is a resistance level at 106.25. A further resistance level may holdings at 106.79. The Relative Strength Index (RSI) on the 14-day chart is 58.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.73%. Stochastics %K at 87.82% indicates the stock is a selling.
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.
The most recent change occurred on January 03, 2024 when Ladenburg Thalmann began covering the stock and recommended ‘”a Neutral”‘ rating along with a $92.50 price target.
