In a filing, Emcor Group, Inc. revealed its Chairman, President and CEO Guzzi Anthony unloaded Company’s shares for reported $1.92 million on Mar 12 ’24. In the deal valued at $319.65 per share,6,000 shares were sold. As a result of this transaction, Guzzi Anthony now holds 219,023 shares worth roughly $77.07 million.
Then, Guzzi Anthony sold 11,000 shares, generating $2,160,070 in total proceeds. Upon selling the shares at $196.37, the Chairman, President and CEO now owns 224,722 shares.
Before that, Guzzi Anthony sold 824 shares. Emcor Group, Inc. shares valued at $153,486 were divested by the Chairman, President and CEO at a price of $186.27 per share. As a result of the transaction, Guzzi Anthony now holds 235,722 shares, worth roughly $82.95 million.
KeyBanc Capital Markets initiated its Emcor Group, Inc. [EME] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Sector weight”. Sidoti also remained covering EME and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson revised its rating on February 25, 2022. It rated EME as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EME
On Tuesday, Emcor Group, Inc. [NYSE:EME] saw its stock fall -2.55% to $351.90. Over the last five days, the stock has lost -1.77%. Emcor Group, Inc. shares have risen nearly 63.35% since the year began. Nevertheless, the stocks have risen 130.27% over the past one year. While a 52-week high of $369.53 was reached on 04/04/24, a 52-week low of $152.16 was recorded on 01/03/24. SMA at 50 days reached $299.21, while 200 days put it at $231.83. A total of 0.4 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For EME Stock
The 24-hour chart illustrates a support level at 342.69, which if violated will result in even more drops to 333.48. On the upside, there is a resistance level at 362.89. A further resistance level may holdings at 373.88. The Relative Strength Index (RSI) on the 14-day chart is 65.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.73%. Stochastics %K at 73.71% indicates the stock is a holding.
How much short interest is there in Emcor Group, Inc.?
A steep rise in short interest was recorded in Emcor Group, Inc. stocks on Mar 28, 2024, dropping by -0.39 million shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.75 million shares. There was a decline of -109.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.67.
