A couple of unusually large dark pool trades occurred in Endeavor $EDR stock between October 19 – 20, 2022. We can not find a clear catalystA stock catalyst is an engine that will drive your stock either up or down. A catalyst could be news of a new contract, SEC filings, earnings and revenue beats, merger and acquisit... for the dark pool trades, which suggests somebody knows something.
Endeavor Group Holdings Inc. is an entertainment, sports and content company. It comprises industry, including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC.
Dark Pool Trades Endeavor $EDR Stock
Two unusually large dark pool trades occurred recently in Endeavor $EDR stock. We think the dark pool trading data suggests the orders are buying because of how $EDR stock ultimately rose following the prints.
We can’t pinpoint a clear catalyst for the move. We can guess that the dark pool buying was from falling rates and a drop in the U.S. dollar, but there may be more to the story. Somebody appears to know something.
Credit Suisse Maintains Outperform on Endeavor, Lowers Price Target to $30
Credit Suisse analyst Douglas Mitchelson maintains Endeavor Gr Hldgs (NYSE:EDR) with an Outperform rating and lowered the price target from $33 to $30. Back on August 29, 2022, Credit Suisse analyst Douglas Mitchelson lowered the firm’s price target on Endeavor Group to $33 from $40 because of the weighted average cost of capital increased to 8% from 7.4% because of higher interest rates and his refreshed model changes. The analyst kept an Outperform rating on the shares following quarterly results that were well ahead due primarily to pull forwards from the second half of 2022.
Endeavor CEO breaks down media and entertainment landscape
Endeavor Group Holdings $EDR Stock Technical Analysis
Endeavor $EDR stock is in a technical strong downtrend. Long-term indicators support a continuation of the downtrend. Short-term indicators are turning positive, which opens the possibility of a trend reversal. The MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... is positive, but the money flow is still negative.
