Consolidated Edison, Inc’s filing revealed 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 $0.12 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 $3.74 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 -1.46% to $97.04. Over the last five days, the stock has lost -2.79%. Consolidated Edison, Inc shares have risen nearly 6.67% since the year began. Nevertheless, the stocks have risen 8.61% over the past one year. While a 52-week high of $107.75 was reached on 10/24/24, a 52-week low of $85.85 was recorded on 03/01/24. SMA at 50 days reached $103.16, while 200 days put it at $95.46.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 96.43, which if violated will result in even more drops to 95.81. On the upside, there is a resistance level at 98.07. A further resistance level may holdings at 99.09. The Relative Strength Index (RSI) on the 14-day chart is 31.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.17%. Stochastics %K at 7.37% indicates the stock is a buying.
How much short interest is there in Consolidated Edison, Inc?
A steep rise in short interest was recorded in Consolidated Edison, Inc stocks on 2024-10-31, dropping by -0.21 million shares to a total of 6.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.7 million shares. There was a decline of -3.22%, which implies that there is a negative 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.
