Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Emerson Electric Co shares valued at $6,839,768 were sold by Karsanbhai Surendralal Lanca on Nov 13 ’24. At $130.51 per share, Karsanbhai Surendralal Lanca sold 52,409 shares. The insider’s holdings dropped to 96,675 shares worth approximately $12.99 million following the completion of this transaction.
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Also, Train Michael H. sold 21,525 shares, netting a total of over 2,711,313 in proceeds. Following the sale of shares at $125.96 each, the insider now holds 262,408 shares.
Before that, Train Michael H. had added 21,525 shares to its account. In a trade valued at $2,710,000, the Officer bought Emerson Electric Co shares for $125.90 each.
Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of October 16, 2024, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for EMR. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for EMR stock.
Analyzing EMR Stock Performance
During the last five days, there has been a surge of approximately 1.00%. Over the course of the year, Emerson Electric Co shares have jumped approximately 38.01%. Shares of the company reached a 52-week high of $134.85 on 12/04/24 and a 52-week low of $91.64 on 01/31/24. A 50-day SMA is recorded $118.02, while a 200-day SMA reached $111.40. Nevertheless, trading volume fell to 2.53 million shares from 51449.0 shares the previous day.
Support And Resistance Levels for Emerson Electric Co (EMR)
According to the 24-hour chart, there is a support level at 133.30, which, if violated, would cause prices to drop to 132.28. In the upper region, resistance lies at 135.10. The next price resistance is at 135.88. RSI (Relative Strength Index) is 76.03 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.81, which suggests the price will increase in the coming days. Percent R is at 6.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
