Southwest Gas Holdings Inc’s recent filing unveils 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 $740.65 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 $2.55 million.
Jefferies initiated its Southwest Gas Holdings Inc [SWX] rating to a Hold in a research note published on January 14, 2025; the price target was $73. BofA Securities revised its rating on November 30, 2022. It rated SWX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SWX
On Friday, Southwest Gas Holdings Inc [NYSE:SWX] saw its stock fall -0.23% to $76.89. Over the last five days, the stock has lost -1.65%. Southwest Gas Holdings Inc shares have risen nearly 8.74% since the year began. Nevertheless, the stocks have risen 24.72% over the past one year. While a 52-week high of $80.29 was reached on 02/14/25, a 52-week low of $60.88 was recorded on 01/10/25. SMA at 50 days reached $73.12, while 200 days put it at $73.74.
Levels Of Support And Resistance For SWX Stock
The 24-hour chart illustrates a support level at 76.47, which if violated will result in even more drops to 76.05. On the upside, there is a resistance level at 77.54. A further resistance level may holdings at 78.19. The Relative Strength Index (RSI) on the 14-day chart is 58.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.48%. Stochastics %K at 67.33% indicates the stock is a holding.
