Chart Industries Inc’s recent filing unveils that its Director Harty Linda S acquired Company’s shares for reported $0.13 million on Dec 15 ’23. In the deal valued at $130.14 per share,1,000 shares were bought. As a result of this transaction, Harty Linda S now holds 8,310 shares worth roughly $1.35 million.
Then, Harty Linda S bought 500 shares, generating $67,222 in total proceeds. Upon buying the shares at $134.44, the Director now owns 7,310 shares.
Before that, CICHOCKI ANDREW R bought 400 shares. Chart Industries Inc shares valued at $50,753 were divested by the Director at a price of $126.88 per share. As a result of the transaction, CICHOCKI ANDREW R now holds 1,177 shares, worth roughly $0.19 million.
UBS upgraded its Chart Industries Inc [GTLS] rating to a Buy from a a Neutral in a research note published on March 19, 2024; the price target was increased to $170 from $152. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering GTLS and has increased its forecast on January 04, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. HSBC Securities started covering the stock on September 25, 2023. It rated GTLS as “a Buy”.
Price Performance Review of GTLS
On Tuesday, Chart Industries Inc [NYSE:GTLS] saw its stock jump 3.02% to $162.44. Over the last five days, the stock has gained 3.58%. Chart Industries Inc shares have risen nearly 19.15% since the year began. Nevertheless, the stocks have risen 52.33% over the past one year. While a 52-week high of $184.65 was reached on 03/28/24, a 52-week low of $105.89 was recorded on 01/26/24. SMA at 50 days reached $139.73, while 200 days put it at $146.65. A total of 0.69 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For GTLS Stock
The 24-hour chart illustrates a support level at 158.15, which if violated will result in even more drops to 153.87. On the upside, there is a resistance level at 165.47. A further resistance level may holdings at 168.51. The Relative Strength Index (RSI) on the 14-day chart is 65.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.17%. Stochastics %K at 60.57% indicates the stock is a holding.
How much short interest is there in Chart Industries Inc?
A steep rise in short interest was recorded in Chart Industries Inc stocks on Mar 28, 2024, growing by 0.2 million shares to a total of 6.05 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 5.85 million shares. There was a rise of 3.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.64% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.87.
