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. Entegris Inc shares valued at $219,315 were sold by LEDERER JAMES P on Mar 08 ’24. At $146.21 per share, LEDERER JAMES P sold 1,500 shares. The insider’s holdings dropped to 17,902 shares worth approximately $2.42 million following the completion of this transaction.
Also, GENTILCORE JAMES sold 2,567 shares, netting a total of over 372,292 in proceeds. Following the sale of shares at $145.03 each, the insider now holds 13,967 shares.
Before that, Sauer Michael had sold 1,897 shares from its account. In a trade valued at $251,428, the VP, Controller & CAO traded Entegris Inc shares for $132.54 each. Upon closing the transaction, the insider’s holdings decreased to 1,897 shares, worth approximately $0.24 million.
As published in their initiating research note from Wolfe Research on March 01, 2024, Entegris Inc [ENTG] has been an Outperform and the price target has been revised to $160. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 15, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for ENTG. Earlier on August 04, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for ENTG stock which previously was a “a Buy”.
Analyzing ENTG Stock Performance
During the last five days, there has been a drop of approximately -4.05%. Over the course of the year, Entegris Inc shares have jumped approximately 12.90%. Shares of the company reached a 52-week high of $146.91 on 03/08/24 and a 52-week low of $108.37 on 01/04/24. A 50-day SMA is recorded $132.75, while a 200-day SMA reached $110.04. Nevertheless, trading volume fell to 1.75 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Entegris Inc (ENTG)
According to the 24-hour chart, there is a support level at 132.03, which, if violated, would cause prices to drop to 128.77. In the upper region, resistance lies at 141.18. The next price resistance is at 147.07. RSI (Relative Strength Index) is 46.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 70.29%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Entegris Inc subject to short interest?
Stocks of Entegris Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.76 million shares to 4.33 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.09 million shares. A decline of -17.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) decline to 2.64.
