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. Chart Industries Inc shares valued at $130,140 were purchased by Harty Linda S on Dec 15 ’23. At $130.14 per share, Harty Linda S acquired 1,000 shares. The insider’s holdings grew to 8,310 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Harty Linda S purchased 500 shares, netting a total of over 67,222 in proceeds. Following the buying of shares at $134.44 each, the insider now holds 7,310 shares.
Before that, CICHOCKI ANDREW R had added 400 shares to its account. In a trade valued at $50,753, the Director bought Chart Industries Inc shares for $126.88 each. Upon closing the transaction, the insider’s holdings increased to 400 shares, worth approximately $0.19 million.
As published in a research note from UBS on March 19, 2024, Chart Industries Inc [GTLS] has been rated up from a Neutral to a Buy and the price target has been revised to $170 from $152. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of January 04, 2024, Raymond James has increased its “an Outperform” rating to a “Strong buy” for GTLS. Earlier on September 25, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for GTLS stock.
Analyzing GTLS Stock Performance
During the last five days, there has been a surge of approximately 9.43%. Over the course of the year, Chart Industries Inc shares have jumped approximately 21.26%. Shares of the company reached a 52-week high of $167.10 on 03/27/24 and a 52-week low of $110.18 on 01/26/24. A 50-day SMA is recorded $134.18, while a 200-day SMA reached $146.18. Nevertheless, trading volume fell to 0.51 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Chart Industries Inc (GTLS)
According to the 24-hour chart, there is a support level at 163.31, which, if violated, would cause prices to drop to 161.30. In the upper region, resistance lies at 167.21. The next price resistance is at 169.10. RSI (Relative Strength Index) is 76.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.60, which suggests the price will increase in the coming days. Percent R is at 6.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Chart Industries Inc subject to short interest?
Stocks of Chart Industries Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 90000.0 shares to 5.85 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 5.76 million shares. A jump of 1.54% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.66 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.66.
