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Potential Price Increase for Equitable Holdings Inc (EQH) After Recent Insider Activity

Equitable Holdings Inc’s recently made public that its Director CRAIG MACKAY acquired Company’s shares for reported $46409.0 on Nov 19 ’24. In the deal valued at $46.41 per share,1,000 shares were bought.

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Then, MacKay Craig C sold 1,000 shares, generating $46,409 in total proceeds. Upon selling the shares at $46.41, the Director now owns 14,906 shares.

Before that, Pearson Mark sold 30,000 shares. Equitable Holdings Inc shares valued at $1,422,816 were divested by the President and CEO at a price of $47.43 per share. As a result of the transaction, Pearson Mark now holds 648,555 shares, worth roughly $30.88 million.

Barclays initiated its Equitable Holdings Inc [EQH] rating to an Overweight in a research note published on September 05, 2024; the price target was $59. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. JP Morgan also remained covering EQH and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on December 11, 2023. It rated EQH as “a Buy” which previously was an “a Hold”.

Price Performance Review of EQH

On Friday, Equitable Holdings Inc [NYSE:EQH] saw its stock jump 1.75% to $47.62. Over the last five days, the stock has gained 0.38%. Equitable Holdings Inc shares have risen nearly 43.00% since the year began. Nevertheless, the stocks have risen 63.31% over the past one year. While a 52-week high of $50.51 was reached on 11/06/24, a 52-week low of $28.19 was recorded on 02/01/24. SMA at 50 days reached $44.72, while 200 days put it at $40.28.

Levels Of Support And Resistance For EQH Stock

The 24-hour chart illustrates a support level at 46.94, which if violated will result in even more drops to 46.26. On the upside, there is a resistance level at 48.05. A further resistance level may holdings at 48.49. The Relative Strength Index (RSI) on the 14-day chart is 56.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.58%. Stochastics %K at 53.81% indicates the stock is a holding.

How much short interest is there in Equitable Holdings Inc?

A steep rise in short interest was recorded in Equitable Holdings Inc stocks on 2024-10-31, dropping by -0.34 million shares to a total of 4.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.43 million shares. There was a decline of -8.39%, which implies that there is a negative sentiment for the stock.

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