Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Consolidated Edison, Inc shares valued at $97 were purchased by Miller Joseph on Sep 16 ’24. At $105.07 per share, Miller Joseph acquired 1 shares. The insider’s holdings grew to 1,203 shares worth approximately $0.11 million following the completion of this transaction.
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Also, Miller Joseph purchased 1 shares, netting a total of over 96 in proceeds. Following the buying of shares at $90.27 each, the insider now holds 1,184 shares.
Before that, KILLIAN JOHN F had sold 1,500 shares from its account. In a trade valued at $145,680, the Director traded Consolidated Edison, Inc shares for $97.12 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $3.57 million.
As published in a research note from Scotiabank on December 12, 2024, Consolidated Edison, Inc [ED] has been rated up from a Sector underperform to a Sector perform and the price target has been revised to $100 from $90. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of October 09, 2024, Jefferies has initiated its “Hold” rating for ED. Earlier on July 22, 2024, Barclays downgraded its rating. Their new recommendation was “an Underweight” for ED stock which previously was a “an Equal weight”.
Analyzing ED Stock Performance
During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, Consolidated Edison, Inc shares have jumped approximately 1.80%. Shares of the company reached a 52-week high of $107.75 on 10/24/24 and a 52-week low of $85.85 on 03/01/24. A 50-day SMA is recorded $100.27, while a 200-day SMA reached $96.33. Nevertheless, trading volume fell to 2.3 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Consolidated Edison, Inc (ED)
According to the 24-hour chart, there is a support level at 92.11, which, if violated, would cause prices to drop to 91.60. In the upper region, resistance lies at 93.43. The next price resistance is at 94.24. RSI (Relative Strength Index) is 28.02 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.83, which suggests the price will decrease in the coming days. Percent R is at 97.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
