Southwest Gas Holdings Inc’s recent filing unveils that its 10% Owner ICAHN CARL C unloaded Company’s shares for reported $106.67 million on Nov 19 ’24. In the deal valued at $76.74 per share,1,390,000 shares were sold. As a result of this transaction, ICAHN CARL C now holds 9,632,604 shares worth roughly $762.52 million.
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Then, Icahn Partners LP bought 1,390,000 shares, generating $106,668,600 in total proceeds.
Before that, Stefani Robert J sold 10,233 shares. Southwest Gas Holdings Inc shares valued at $742,545 were divested by the SVP/Chief Financial Officer at a price of $72.56 per share. As a result of the transaction, Stefani Robert J now holds 33,205 shares, worth roughly $2.63 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Argus also remained covering SWX and has increased its forecast on June 09, 2022 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on March 30, 2022. It rated SWX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SWX
On Monday, Southwest Gas Holdings Inc [NYSE:SWX] saw its stock jump 2.13% to $79.16. Over the last five days, the stock has gained 2.23%. Southwest Gas Holdings Inc shares have risen nearly 24.96% since the year began. Nevertheless, the stocks have risen 31.80% over the past one year. While a 52-week high of $79.20 was reached on 11/25/24, a 52-week low of $57.55 was recorded on 02/08/24. SMA at 50 days reached $74.66, while 200 days put it at $72.92.
Levels Of Support And Resistance For SWX Stock
The 24-hour chart illustrates a support level at 77.88, which if violated will result in even more drops to 76.60. On the upside, there is a resistance level at 80.36. A further resistance level may holdings at 81.57. The Relative Strength Index (RSI) on the 14-day chart is 63.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.20%. Stochastics %K at 81.31% indicates the stock is a selling.
How much short interest is there in Southwest Gas Holdings Inc?
A steep rise in short interest was recorded in Southwest Gas Holdings Inc stocks on 2024-10-31, growing by 38344.0 shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.51 million shares. There was a rise of 2.48%, which implies that there is a positive sentiment for the stock.
