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Edwards Lifesciences Corp (EW) Becoming More Attractive for Investors

Edwards Lifesciences Corp’s recent filing unveils that its CVP,Strategy/Corp Development BOBO DONALD E JR unloaded Company’s shares for reported $0.33 million on Nov 13 ’24. In the deal valued at $65.57 per share,5,000 shares were sold. As a result of this transaction, BOBO DONALD E JR now holds 46,936 shares worth roughly $3.36 million.

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Then, BOBO DONALD E JR bought 15,000 shares, generating $983,529 in total proceeds.

Before that, Wood Larry L sold 25,000 shares. Edwards Lifesciences Corp shares valued at $1,647,862 were divested by the Global President TAVR & Surg at a price of $65.91 per share. As a result of the transaction, Wood Larry L now holds 198,526 shares, worth roughly $14.2 million.

A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Hold”. Daiwa Securities also remained covering EW and has increased its forecast on July 31, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on July 29, 2024. It rated EW as “a Peer perform” which previously was an “an Underperform”.

Price Performance Review of EW

On Tuesday, Edwards Lifesciences Corp [NYSE:EW] saw its stock jump 0.39% to $71.55. Over the last five days, the stock has gained 1.92%. Edwards Lifesciences Corp shares have fallen nearly -6.16% since the year began. Nevertheless, the stocks have risen 6.54% over the past one year. While a 52-week high of $96.12 was reached on 03/28/24, a 52-week low of $58.93 was recorded on 07/25/24. SMA at 50 days reached $67.82, while 200 days put it at $79.48.

Levels Of Support And Resistance For EW Stock

The 24-hour chart illustrates a support level at 70.73, which if violated will result in even more drops to 69.90. On the upside, there is a resistance level at 72.41. A further resistance level may holdings at 73.26. The Relative Strength Index (RSI) on the 14-day chart is 65.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.79%. Stochastics %K at 92.12% indicates the stock is a selling.

How much short interest is there in Edwards Lifesciences Corp?

A steep rise in short interest was recorded in Edwards Lifesciences Corp stocks on 2024-11-15, dropping by -1.35 million shares to a total of 6.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.22 million shares. There was a decline of -19.71%, which implies that there is a negative sentiment for the stock.

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