Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Emerson Electric Co shares valued at $2,711,313 were sold by Train Michael H. on Nov 06 ’24. At $125.96 per share, Train Michael H. sold 21,525 shares. The insider’s holdings dropped to 262,408 shares worth approximately $34.16 million following the completion of this transaction.
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Also, Train Michael H. purchased 21,525 shares, netting a total of over 2,710,000 in proceeds.
Before that, Karsanbhai Surendralal Lanca had added 72,282 shares to its account. In a trade valued at $7,838,706, the Officer bought Emerson Electric Co shares for $108.45 each.
Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of October 16, 2024, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for EMR. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for EMR stock.
Analyzing EMR Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, Emerson Electric Co shares have jumped approximately 33.73%. Shares of the company reached a 52-week high of $131.56 on 11/13/24 and a 52-week low of $91.64 on 01/31/24. A 50-day SMA is recorded $109.98, while a 200-day SMA reached $109.27. Nevertheless, trading volume fell to 3.12 million shares from 3.09 million shares the previous day.
Support And Resistance Levels for Emerson Electric Co (EMR)
According to the 24-hour chart, there is a support level at 128.79, which, if violated, would cause prices to drop to 127.41. In the upper region, resistance lies at 131.55. The next price resistance is at 132.93. RSI (Relative Strength Index) is 83.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.54, which suggests the price will increase in the coming days. Percent R is at 5.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
