Element Solutions Inc [ESI] Investment Guide: What You Need to Know

Element Solutions Inc’s filing revealed that its EVP, Head of I&S Goralski Michael unloaded Company’s shares for reported $0.53 million on Jun 07. In the deal valued at $19.07 per share,28,000 shares were sold. As a result of this transaction, Goralski Michael now holds 131,808 shares worth roughly $ 2.73 million.

Then, Gliklich Benjamin sold 8,469 shares, generating $152,527 in total proceeds. Upon selling the shares at $18.01, the President and CEO now owns 621,208 shares.

Before that, Dorman Carey J. sold 3,656 shares. Element Solutions Inc shares valued at $65,808 were divested by the EVP, CFO at a price of $18.00 per share. As a result of the transaction, Dorman Carey J. now holds 153,222 shares, worth roughly $3.17 million.

BMO Capital Markets initiated its Element Solutions Inc [ESI] rating to an Outperform in a research note published on Tuesday, June 20, 2023; the price target was $23. PT values the company’s stock at a premium of 10.09 to its Tuesday closing price.

Price Performance Review of ESI

On Tuesday, Element Solutions Inc [NYSE:ESI] saw its stock fall -0.96% to $20.68. On the same session, the stock had its day’s lowest price of $20.475, but rose to a high of $20.93. Over the last five days, the stock has gained 2.68%. Element Solutions Inc shares have risen nearly 13.69% since the year began. Nevertheless, the stocks have risen 13.69% over the past one year. While a 52-week high of $21.90 was reached on 02/02/23, a 52-week low of $15.31 was recorded on 04/27/23. SMA at 50 days reached $19.86, while 200 days put it at $19.22. A total of 2.34 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For ESI Stock

The 24-hour chart illustrates a support level at 20.46, which if violated will result in even more drops to 20.24. On the upside, there is a resistance level at 20.92. A further resistance level may holdings at 21.15. The Relative Strength Index (RSI) on the 14-day chart is 59.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.38%. Stochastics %K at 93.97% indicates the stock is a selling.

How much short interest is there in Element Solutions Inc?

A steep rise in short interest was recorded in Element Solutions Inc stocks on Aug 14, 2023, growing by 0.29 million shares to a total of 3.31 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.02 million shares. There was a rise of 8.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.33.

Element Solutions Inc [ESI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,363,430 shares, or roughly 8.85% of the outstanding ESI shares. In other words, the investor’s shares have risen by 134,393 from its previous 13-F filing of 21229037.0. Additionally, T. Rowe Price Investment Manageme increased 0.20% of its stake after which the total value it holdings stand at $361,931,495, while Fidelity Management & Research Co added 35.22% of its stake to hold $291.75 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -1,992,515 shares of Element Solutions Inc, while Dimensional Fund Advisors LP sold -192,884 shares. At present, BlackRock Fund Advisors is holding 8,520,024 shares valued at $178.58 million. Gates Capital Management, Inc. owned 8,348,831 shares of the company at the time of its most recent 13F filing, worth $174.99 million.

However, 10 analysts have rated ESI stock as an Overweight in their predictions for 2023.