The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Edison International shares valued at $78 were sold by Trent Keith on Nov 07 ’24. At $81.67 per share, Trent Keith sold 1 shares. The insider’s holdings dropped to 16,168 shares worth approximately $1.33 million following the completion of this transaction.
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Also, Rigatti Maria C. sold 1 shares, netting a total of over 75 in proceeds. Following the sale of shares at $80.51 each, the insider now holds 57,322 shares.
Before that, Umanoff Adam S had sold 25,619 shares from its account. In a trade valued at $2,127,540, the EXEC. VP, GC AND CORP. SEC. traded Edison International shares for $83.05 each. Upon closing the transaction, the insider’s holdings decreased to 25,619 shares, worth approximately $0.0.
As published in their initiating research note from Jefferies on November 07, 2024, Edison International [EIX] has been a Buy and the price target has been revised to $93. As of July 19, 2024, UBS has decreased its “Buy” rating to a “Neutral” for EIX. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for EIX stock.
Analyzing EIX Stock Performance
During the last five days, there has been a surge of approximately 1.24%. Over the course of the year, Edison International shares have jumped approximately 14.95%. Shares of the company reached a 52-week high of $88.77 on 09/04/24 and a 52-week low of $63.15 on 02/13/24. A 50-day SMA is recorded $84.72, while a 200-day SMA reached $76.16. Nevertheless, trading volume fell to 1.72 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Edison International (EIX)
According to the 24-hour chart, there is a support level at 81.54, which, if violated, would cause prices to drop to 80.90. In the upper region, resistance lies at 83.03. The next price resistance is at 83.88. RSI (Relative Strength Index) is 43.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 68.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
