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 $89446.5 following the completion of this transaction.
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 a research note from Barclays on January 02, 2025, Edison International [EIX] has been rated up from an Equal weight to an Overweight and the price target has been revised to $84 from $91. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. Earlier on July 19, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for EIX stock which previously was a “a Buy”.
Analyzing EIX Stock Performance
During the last five days, there has been a drop of approximately -12.95%. Over the course of the year, Edison International shares have dropped approximately -12.95%. Shares of the company reached a 52-week high of $81.02 on 01/02/25 and a 52-week low of $66.70 on 01/08/25. A 50-day SMA is recorded $82.29, while a 200-day SMA reached $78.89. Nevertheless, trading volume fell to 12.04 million shares from 2.14 million shares the previous day.
Support And Resistance Levels for Edison International (EIX)
According to the 24-hour chart, there is a support level at 65.55, which, if violated, would cause prices to drop to 61.59. In the upper region, resistance lies at 74.61. The next price resistance is at 79.71. RSI (Relative Strength Index) is 15.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.47, which suggests the price will decrease in the coming days. Percent R is at 80.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
