Emerson Electric Co’s filing revealed that its Officer Karsanbhai Surendralal Lanca acquired Company’s shares for reported $7.84 million on Nov 13 ’24. In the deal valued at $108.45 per share,72,282 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Piazza Nicholas J. sold 2,200 shares, generating $238,700 in total proceeds. Upon selling the shares at $108.50, the Senior VP & CPO now owns 22,754 shares.
Before that, LEVATICH MATTHEW S sold 1,933 shares. Emerson Electric Co shares valued at $204,081 were divested by the Director at a price of $105.58 per share. As a result of the transaction, LEVATICH MATTHEW S now holds 24,965 shares, worth roughly $2.94 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 7.16% to $117.67. Over the last five days, the stock has gained 8.04%. Emerson Electric Co shares have risen nearly 20.90% since the year began. Nevertheless, the stocks have risen 27.94% over the past one year. While a 52-week high of $119.53 was reached on 11/05/24, a 52-week low of $83.10 was recorded on 01/31/24. SMA at 50 days reached $107.00, while 200 days put it at $108.28.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 115.50, which if violated will result in even more drops to 113.32. On the upside, there is a resistance level at 119.73. A further resistance level may holdings at 121.78. The Relative Strength Index (RSI) on the 14-day chart is 74.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.95%. Stochastics %K at 55.02% 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.
