Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Southwest Gas Holdings Inc shares valued at $742,545 were sold by Stefani Robert J on Aug 27 ’24. At $72.56 per share, Stefani Robert J sold 10,233 shares. The insider’s holdings dropped to 33,205 shares worth approximately $2.45 million following the completion of this transaction.
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Also, Stefani Robert J sold 767 shares, netting a total of over 56,096 in proceeds. Following the sale of shares at $73.14 each, the insider now holds 43,438 shares.
Before that, ROBERT J STEFANI had added 10,233 shares to its account. In a trade valued at $742,545, the Officer bought Southwest Gas Holdings Inc shares for $72.56 each.
Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of June 09, 2022, Argus has increased its “Hold” rating to a “Buy” for SWX. Earlier on March 30, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SWX stock which previously was a “a Neutral”.
Analyzing SWX Stock Performance
During the last five days, there has been a surge of approximately 0.08%. Over the course of the year, Southwest Gas Holdings Inc shares have jumped approximately 16.26%. Shares of the company reached a 52-week high of $79.03 on 11/06/24 and a 52-week low of $57.55 on 02/08/24. A 50-day SMA is recorded $73.09, while a 200-day SMA reached $71.77. Nevertheless, trading volume fell to 0.62 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Southwest Gas Holdings Inc (SWX)
According to the 24-hour chart, there is a support level at 71.20, which, if violated, would cause prices to drop to 68.75. In the upper region, resistance lies at 77.56. The next price resistance is at 81.48. RSI (Relative Strength Index) is 50.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 67.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
