Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Consolidated Edison, Inc shares valued at $101 were purchased by Miller Joseph on Mar 14 ’25. At $103.90 per share, Miller Joseph acquired 1 shares. The insider’s holdings grew to 3,619 shares worth approximately $0.41 million following the completion of this transaction.
Also, Miller Joseph purchased 1 shares, netting a total of over 98 in proceeds. Following the buying of shares at $92.58 each, the insider now holds 1,220 shares.
Before that, Miller Joseph had added 1 shares to its account. In a trade valued at $97, the VP & Controller bought Consolidated Edison, Inc shares for $105.07 each. Upon closing the transaction, the insider’s holdings increased to 1 shares, worth approximately $0.14 million.
As published in a research note from Scotiabank on December 12, 2024, Consolidated Edison, Inc [ED] has been rated up from a Sector underperform to a Sector perform and the price target has been revised to $100 from $90. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of October 09, 2024, Jefferies has initiated its “Hold” rating for ED. Earlier on July 22, 2024, Barclays downgraded its rating. Their new recommendation was “an Underweight” for ED stock which previously was a “an Equal weight”.
Analyzing ED Stock Performance
During the last five days, there has been a surge of approximately 0.20%. Over the course of the year, Consolidated Edison, Inc shares have jumped approximately 26.36%. Shares of the company reached a 52-week high of $114.87 on 04/04/25 and a 52-week low of $87.28 on 01/13/25. A 50-day SMA is recorded $106.64, while a 200-day SMA reached $100.15.
Support And Resistance Levels for Consolidated Edison, Inc (ED)
According to the 24-hour chart, there is a support level at 111.21, which, if violated, would cause prices to drop to 109.67. In the upper region, resistance lies at 113.78. The next price resistance is at 114.81. RSI (Relative Strength Index) is 59.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 10.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
