The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Edison International shares valued at $42 were sold by Bowman Erica S on Nov 22 ’24. At $87.88 per share, Bowman Erica S sold 0 shares. The insider’s holdings dropped to 1,287 shares worth approximately $0.11 million following the completion of this transaction.
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Also, Taylor Peter J. sold 1,250 shares, netting a total of over 104,100 in proceeds. Following the sale of shares at $83.28 each, the insider now holds 32,372 shares.
Before that, Taylor Peter J. had added 1,250 shares to its account. In a trade valued at $102,662, the Officer bought Edison International shares for $82.13 each.
As published in their initiating research note from Jefferies on November 07, 2024, Edison International [EIX] has been a Buy and the price target has been revised to $93. As of July 19, 2024, UBS has decreased its “Buy” rating to a “Neutral” for EIX. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for EIX stock.
Analyzing EIX Stock Performance
During the last five days, there has been a drop of approximately -3.89%. Over the course of the year, Edison International shares have jumped approximately 18.79%. Shares of the company reached a 52-week high of $88.77 on 09/04/24 and a 52-week low of $63.15 on 02/13/24. A 50-day SMA is recorded $84.77, while a 200-day SMA reached $77.64. Nevertheless, trading volume fell to 2.53 million shares from 37814.0 shares the previous day.
Support And Resistance Levels for Edison International (EIX)
According to the 24-hour chart, there is a support level at 84.22, which, if violated, would cause prices to drop to 83.53. In the upper region, resistance lies at 85.77. The next price resistance is at 86.62. RSI (Relative Strength Index) is 49.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 56.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
