Southwest Gas Holdings Inc’s recently made public that its 10% Owner ICAHN CARL C unloaded Company’s shares for reported $106.67 million on Nov 19 ’24. In the deal valued at $76.74 per share,1,390,000 shares were sold. As a result of this transaction, ICAHN CARL C now holds 9,632,604 shares worth roughly $670.91 million.
Then, Icahn Partners LP bought 1,390,000 shares, generating $106,668,600 in total proceeds.
Before that, Stefani Robert J sold 10,233 shares. Southwest Gas Holdings Inc shares valued at $742,545 were divested by the SVP/Chief Financial Officer at a price of $72.56 per share. As a result of the transaction, Stefani Robert J now holds 33,205 shares, worth roughly $2.31 million.
BofA Securities also remained covering SWX and has decreased its forecast on November 30, 2022 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on June 09, 2022. It rated SWX as “a Buy” which previously was an “a Hold”.
Price Performance Review of SWX
On Friday, Southwest Gas Holdings Inc [NYSE:SWX] saw its stock jump 0.11% to $69.65. Over the last five days, the stock has lost -4.39%. Southwest Gas Holdings Inc shares have risen nearly 9.94% since the year began. Nevertheless, the stocks have risen 10.59% over the past one year. While a 52-week high of $80.29 was reached on 11/25/24, a 52-week low of $57.55 was recorded on 02/08/24. SMA at 50 days reached $74.94, while 200 days put it at $73.82.
Levels Of Support And Resistance For SWX Stock
The 24-hour chart illustrates a support level at 68.74, which if violated will result in even more drops to 67.84. On the upside, there is a resistance level at 70.55. A further resistance level may holdings at 71.46. The Relative Strength Index (RSI) on the 14-day chart is 32.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.33%. Stochastics %K at 11.98% indicates the stock is a buying.
How much short interest is there in Southwest Gas Holdings Inc?
A steep rise in short interest was recorded in Southwest Gas Holdings Inc stocks on 2024-11-29, growing by 30157.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.55 million shares. There was a rise of 1.91%, which implies that there is a positive sentiment for the stock.
