Ecovyst Inc. [ECVT] stock for 49,296 USD was acquired by Schneberger Thomas

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. Ecovyst Inc. shares valued at $49,296 were purchased by Schneberger Thomas on May 20. At $9.86 per share, Schneberger Thomas acquired 5,000 shares. The insider’s holdings grew to 332,143 shares worth approximately $2.93 million following the completion of this transaction.

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Also, Feehan Michael purchased 5,000 shares, netting a total of over 49,794 in proceeds. Following the buying of shares at $9.96 each, the insider now holds 361,034 shares.

Before that, Koscinski Joseph S. had added 5,200 shares to its account. In a trade valued at $50,023, the insider bought Ecovyst Inc. shares for $9.62 each. Upon closing the transaction, the insider’s holdings increased to 5,200 shares, worth approximately $3.91 million.

As published in their initiating research note from BWS Financial on March 23, 2022, Ecovyst Inc. [ECVT] has been a Buy and the price target has been revised to $18. This represents a 50.94% premium over Thursday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of August 16, 2021, BMO Capital Markets has initiated its “an Outperform” rating for ECVT.

Analyzing ECVT’s Price Performance

On Thursday, Ecovyst Inc. [NYSE: ECVT] plunged -17.55% to $8.83. The stock’s lowest price that day was $8.65, but it reached a high of $9.19 in the same session. During the last five days, there has been a drop of approximately -13.85%. Over the course of the year, Ecovyst Inc. shares have dropped approximately -13.77%. Shares of the company reached a 52-week high of $12.05 on 03/29/22 and a 52-week low of $8.65 on 08/04/22. A 50-day SMA is recorded $10.01, while a 200-day SMA reached $10.47. Nevertheless, trading volume fell to 5.67 million shares from 0.34 million shares the previous day.

Support And Resistance Levels for Ecovyst Inc. (ECVT)

According to the 24-hour chart, there is a support level at 8.59, which, if violated, would cause prices to drop to 8.35. In the upper region, resistance lies at 9.13. The next price resistance is at 9.43. RSI (Relative Strength Index) is 34.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 92.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Ecovyst Inc. subject to short interest?

Stocks of Ecovyst Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.24 million shares to 0.95 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.19 million shares. A decline of -24.65% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) decline to 1.8.

Which companies own the most shares of Ecovyst Inc. (ECVT)?

According to Shapiro Capital Management LLC filings, the company currently owns 5,799,456 shares, which is about 4.18% of the total ECVT shares outstanding. The investor’s shares have appreciated by 335,297 from its previous 13-F filing of 5464159.0 shares. With the completion of the sale transaction, Westwood Management Corp.’s stake is now worth $51,791,921. The Vanguard Group, Inc. reduced a -8.23% interest valued at $49.42 million while Allspring Global Investments LLC purchased a 27,082 stake. A total of 233,480 shares of Ecovyst Inc. were bought by BlackRock Fund Advisors during the quarter, and -1,586,710 were sold by JPMorgan Investment Management, I. In its current portfolio, Cove Street Capital LLC holds 3,314,674 shares valued at $32.65 million.

In terms of Ecovyst Inc. share price expectations, FactSet research, analysts set an average price target of $14.00 in the next 12 months, up nearly 23.72% from the previous closing price of $10.71. Analysts anticipate Ecovyst Inc. stock to reach $18.00 by 2022, with the lowest price target being $11.00. In spite of this, 8 analysts ranked Ecovyst Inc. stock as an Overweight at the end of 2022.


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