Emerson Electric Co.’s recent filing unveils that its Senior VP & CPO Piazza Nicholas J. unloaded Company’s shares for reported $0.24 million on Mar 04 ’24. In the deal valued at $108.50 per share,2,200 shares were sold. As a result of this transaction, Piazza Nicholas J. now holds 22,754 shares worth roughly $2.48 million.
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Then, LEVATICH MATTHEW S sold 1,933 shares, generating $204,081 in total proceeds. Upon selling the shares at $105.58, the Director now owns 24,965 shares.
Before that, Karsanbhai Surendralal Lanca sold 2,344 shares. Emerson Electric Co. shares valued at $248,513 were divested by the President & CEO at a price of $106.02 per share. As a result of the transaction, Karsanbhai Surendralal Lanca now holds 138,750 shares, worth roughly $15.11 million.
Stephens downgraded its Emerson Electric Co. [EMR] rating to an Equal-weight from a an Overweight in a research note published on October 16, 2024; the price target was decreased to $120 from $135. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Underweight”‘ rating. JP Morgan also remained covering EMR and has decreased its forecast on August 14, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Redburn Atlantic started covering the stock on July 08, 2024. It rated EMR as “a Buy”.
Price Performance Review of EMR
On Tuesday, Emerson Electric Co. [NYSE:EMR] saw its stock jump 0.23% to $108.91. Over the last five days, the stock has lost -0.52%. Emerson Electric Co. shares have risen nearly 11.90% since the year began. Nevertheless, the stocks have risen 23.72% over the past one year. While a 52-week high of $119.53 was reached on 07/16/24, a 52-week low of $83.10 was recorded on 01/31/24. SMA at 50 days reached $106.36, while 200 days put it at $107.87.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 107.90, which if violated will result in even more drops to 106.90. On the upside, there is a resistance level at 109.79. A further resistance level may holdings at 110.68. The Relative Strength Index (RSI) on the 14-day chart is 50.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.38%. Stochastics %K at 21.14% indicates the stock is a holding.
How much short interest is there in Emerson Electric Co.?
A steep rise in short interest was recorded in Emerson Electric Co. stocks on 2024-10-15, growing by 1.6 million shares to a total of 8.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.03 million shares. There was a rise of 18.5%, which implies that there is a positive sentiment for the stock.
