Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Edison International shares valued at $104,100 were sold by Taylor Peter J. on Nov 15 ’24. At $83.28 per share, Taylor Peter J. sold 1,250 shares. The insider’s holdings dropped to 32,372 shares worth approximately $2.79 million following the completion of this transaction.
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Also, Taylor Peter J. purchased 1,250 shares, netting a total of over 102,662 in proceeds.
Before that, Trent Keith had sold 1 shares from its account. In a trade valued at $78, the Director traded Edison International shares for $81.67 each. Upon closing the transaction, the insider’s holdings decreased to 1 shares, worth approximately $1.39 million.
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 4.79%. Over the course of the year, Edison International shares have jumped approximately 20.46%. 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 $84.57, while a 200-day SMA reached $76.60. Nevertheless, trading volume fell to 1.76 million shares from 2.62 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 85.70, which, if violated, would cause prices to drop to 85.27. In the upper region, resistance lies at 86.36. The next price resistance is at 86.59. RSI (Relative Strength Index) is 61.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.42, which suggests the price will increase in the coming days. Percent R is at 0.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
