In a filing, Emerson Electric Co revealed its CEO and President Karsanbhai Surendralal Lanca unloaded Company’s shares for reported $6.84 million on Nov 13 ’24. In the deal valued at $130.51 per share,52,409 shares were sold. As a result of this transaction, Karsanbhai Surendralal Lanca now holds 96,675 shares worth roughly $12.83 million.
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Then, Train Michael H. sold 21,525 shares, generating $2,711,313 in total proceeds. Upon selling the shares at $125.96, the SVP & Chief Sustain Officer now owns 262,408 shares.
Before that, Train Michael H. bought 21,525 shares. Emerson Electric Co shares valued at $2,710,000 were divested by the Officer at a price of $125.90 per share.
A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Stephens also remained covering EMR and has decreased its forecast on October 16, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated EMR as “an Underweight”.
Price Performance Review of EMR
On Monday, Emerson Electric Co [NYSE:EMR] saw its stock jump 2.06% to $132.75. Over the last five days, the stock has gained 2.78%. Emerson Electric Co shares have risen nearly 36.39% since the year began. Nevertheless, the stocks have risen 49.98% over the past one year. While a 52-week high of $131.56 was reached on 11/25/24, a 52-week low of $87.55 was recorded on 01/31/24. SMA at 50 days reached $114.62, while 200 days put it at $110.56.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 131.11, which if violated will result in even more drops to 129.46. On the upside, there is a resistance level at 133.97. A further resistance level may holdings at 135.18. The Relative Strength Index (RSI) on the 14-day chart is 75.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.59%. Stochastics %K at 89.85% indicates the stock is a selling.
How much short interest is there in Emerson Electric Co?
A steep rise in short interest was recorded in Emerson Electric Co stocks on 2024-10-31, growing by 0.54 million shares to a total of 9.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.76 million shares. There was a rise of 5.78%, which implies that there is a positive sentiment for the stock.
