Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equitable Holdings Inc shares valued at $46,409 were purchased by CRAIG MACKAY on Nov 19 ’24. At $46.41 per share, CRAIG MACKAY acquired 1,000 shares.
Also, MacKay Craig C sold 1,000 shares, netting a total of over 46,409 in proceeds. Following the sale of shares at $46.41 each, the insider now holds 14,906 shares.
Before that, Pearson Mark had sold 30,000 shares from its account. In a trade valued at $1,422,816, the President and CEO traded Equitable Holdings Inc shares for $47.43 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $31.18 million.
As published in their initiating research note from Barclays on September 05, 2024, Equitable Holdings Inc [EQH] has been an Overweight and the price target has been revised to $59. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of January 03, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for EQH. Earlier on December 11, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for EQH stock which previously was a “a Hold”.
Analyzing EQH Stock Performance
During the last five days, there has been a surge of approximately 2.89%. Over the course of the year, Equitable Holdings Inc shares have jumped approximately 44.38%. Shares of the company reached a 52-week high of $50.51 on 11/06/24 and a 52-week low of $31.76 on 02/01/24. A 50-day SMA is recorded $45.16, while a 200-day SMA reached $40.50. Nevertheless, trading volume fell to 1.89 million shares from 6.03 million shares the previous day.
Support And Resistance Levels for Equitable Holdings Inc (EQH)
According to the 24-hour chart, there is a support level at 47.78, which, if violated, would cause prices to drop to 47.49. In the upper region, resistance lies at 48.63. The next price resistance is at 49.19. RSI (Relative Strength Index) is 57.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 39.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
