Consolidated Edison, Inc’s recently made public that its VP & Controller Miller Joseph acquired Company’s shares for reported $98.0 on Dec 16 ’24. In the deal valued at $92.58 per share,1 shares were bought. As a result of this transaction, Miller Joseph now holds 1,220 shares worth roughly $0.11 million.
Then, Miller Joseph bought 1 shares, generating $97 in total proceeds. Upon buying the shares at $105.07, the VP & Controller now owns 1,203 shares.
Before that, Miller Joseph bought 1 shares. Consolidated Edison, Inc shares valued at $96 were divested by the VP & Controller at a price of $90.27 per share. As a result of the transaction, Miller Joseph now holds 1,184 shares, worth roughly $0.1 million.
Scotiabank upgraded its Consolidated Edison, Inc [ED] rating to a Sector perform from a a Sector underperform in a research note published on December 12, 2024; the price target was increased to $100 from $90. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Jefferies began covering ED with “Hold” recommendation on October 09, 2024. Barclays revised its rating on July 22, 2024. It rated ED as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of ED
On Tuesday, Consolidated Edison, Inc [NYSE:ED] saw its stock fall -0.42% to $88.00. Over the last five days, the stock has lost -1.30%. Consolidated Edison, Inc shares have fallen nearly -1.38% since the year began. Nevertheless, the stocks have fallen -5.90% over the past one year. While a 52-week high of $107.75 was reached on 01/02/25, a 52-week low of $85.85 was recorded on 01/06/25. SMA at 50 days reached $95.55, while 200 days put it at $96.37.
Levels Of Support And Resistance For ED Stock
The 24-hour chart illustrates a support level at 87.42, which if violated will result in even more drops to 86.85. On the upside, there is a resistance level at 88.87. A further resistance level may holdings at 89.75. The Relative Strength Index (RSI) on the 14-day chart is 23.52, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.89%. Stochastics %K at 12.75% indicates the stock is a buying.
How much short interest is there in Consolidated Edison, Inc?
A steep rise in short interest was recorded in Consolidated Edison, Inc stocks on 2024-12-13, growing by 7.16 million shares to a total of 13.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.73 million shares. There was a rise of 51.55%, which implies that there is a positive sentiment for the stock.
