Edison International’s filing revealed that its Director Taylor Peter J. unloaded Company’s shares for reported $0.1 million on Nov 15 ’24. In the deal valued at $83.28 per share,1,250 shares were sold. As a result of this transaction, Taylor Peter J. now holds 32,372 shares worth roughly $2.8 million.
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Then, Taylor Peter J. bought 1,250 shares, generating $102,662 in total proceeds.
Before that, Trent Keith sold 1 shares. Edison International shares valued at $78 were divested by the Director at a price of $81.67 per share. As a result of the transaction, Trent Keith now holds 16,168 shares, worth roughly $1.4 million.
Jefferies initiated its Edison International [EIX] rating to a Buy in a research note published on November 07, 2024; the price target was $93. UBS also remained covering EIX and has decreased its forecast on July 19, 2024 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on April 10, 2024. It rated EIX as “a Neutral”.
Price Performance Review of EIX
On Friday, Edison International [NYSE:EIX] saw its stock fall -0.70% to $86.48. Over the last five days, the stock has gained 3.35%. Edison International shares have risen nearly 20.97% since the year began. Nevertheless, the stocks have risen 31.23% over the past one year. While a 52-week high of $88.77 was reached on 09/04/24, a 52-week low of $63.15 was recorded on 02/13/24. SMA at 50 days reached $84.64, while 200 days put it at $76.81.
Levels Of Support And Resistance For EIX Stock
The 24-hour chart illustrates a support level at 85.92, which if violated will result in even more drops to 85.36. On the upside, there is a resistance level at 87.51. A further resistance level may holdings at 88.53. The Relative Strength Index (RSI) on the 14-day chart is 61.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.05%. Stochastics %K at 93.04% indicates the stock is a selling.
How much short interest is there in Edison International?
A steep rise in short interest was recorded in Edison International stocks on 2024-10-31, dropping by -0.27 million shares to a total of 5.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.97 million shares. There was a decline of -4.74%, which implies that there is a negative sentiment for the stock.
