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 $78712.92 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 Ladenburg Thalmann on January 15, 2025, Edison International [EIX] has been rated up from a Sell to a Neutral and the price target has been revised to $56.50. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of November 07, 2024, Jefferies has initiated its “Buy” rating for EIX.
Analyzing EIX Stock Performance
During the last five days, there has been a drop of approximately -12.00%. Over the course of the year, Edison International shares have dropped approximately -23.40%. Shares of the company reached a 52-week high of $81.02 on 01/02/25 and a 52-week low of $55.27 on 01/13/25. A 50-day SMA is recorded $80.07, while a 200-day SMA reached $78.66. Nevertheless, trading volume fell to 7.41 million shares from 10.97 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 59.77, which, if violated, would cause prices to drop to 58.38. In the upper region, resistance lies at 62.48. The next price resistance is at 63.81. RSI (Relative Strength Index) is 21.81 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.68, which suggests the price will decrease in the coming days. Percent R is at 77.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
