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. 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 $12.2 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
As published in their initiating research note from Jefferies on December 12, 2024, Emerson Electric Co [EMR] has been a Buy and the price target has been revised to $160. As of November 13, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for EMR. Earlier on October 16, 2024, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for EMR stock which previously was a “an Overweight”.
Analyzing EMR Stock Performance
During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, Emerson Electric Co shares have jumped approximately 29.76%. 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 $123.06, while a 200-day SMA reached $112.83. Nevertheless, trading volume fell to 1.24 million shares from 2.26 million 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 124.59, which, if violated, would cause prices to drop to 122.96. In the upper region, resistance lies at 127.08. The next price resistance is at 127.94. RSI (Relative Strength Index) is 48.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.33, which suggests the price will decrease in the coming days. Percent R is at 61.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
