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. Edwards Lifesciences Corp shares valued at $327,843 were sold by BOBO DONALD E JR on Nov 13 ’24. At $65.57 per share, BOBO DONALD E JR sold 5,000 shares. The insider’s holdings dropped to 46,936 shares worth approximately $3.11 million following the completion of this transaction.
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Also, BOBO DONALD E JR purchased 15,000 shares, netting a total of over 983,529 in proceeds.
Before that, Wood Larry L had sold 25,000 shares from its account. In a trade valued at $1,647,862, the Global President TAVR & Surg traded Edwards Lifesciences Corp shares for $65.91 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $13.13 million.
Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid September. As of July 31, 2024, Daiwa Securities has increased its “Neutral” rating to a “an Outperform” for EW. Earlier on July 29, 2024, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for EW stock which previously was a “an Underperform”.
Analyzing EW Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Edwards Lifesciences Corp shares have dropped approximately -13.23%. Shares of the company reached a 52-week high of $96.12 on 03/28/24 and a 52-week low of $58.93 on 07/25/24. A 50-day SMA is recorded $67.43, while a 200-day SMA reached $80.10. Nevertheless, trading volume fell to 3.93 million shares from 5.09 million shares the previous day.
Support And Resistance Levels for Edwards Lifesciences Corp (EW)
According to the 24-hour chart, there is a support level at 65.43, which, if violated, would cause prices to drop to 64.71. In the upper region, resistance lies at 67.28. The next price resistance is at 68.41. RSI (Relative Strength Index) is 43.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 82.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
