Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Eos Energy Enterprises Inc shares valued at $5,638 were purchased by DIMITRIEF ALEXANDER on Mar 08 ’24. At $1.13 per share, DIMITRIEF ALEXANDER acquired 5,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $9100.0 following the completion of this transaction.
Also, Mastrangelo Joe purchased 36,500 shares, netting a total of over 74,810 in proceeds. Following the buying of shares at $2.05 each, the insider now holds 590,799 shares.
Before that, Demby Claude had sold 20,143 shares from its account. In a trade valued at $55,998, the Director traded Eos Energy Enterprises Inc shares for $2.78 each. Upon closing the transaction, the insider’s holdings decreased to 20,143 shares, worth approximately $56430.920000000006.
As published in a research note from Seaport Research Partners on September 05, 2023, Eos Energy Enterprises Inc [EOSE] has been rated down from a Buy to a Neutral. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of June 30, 2023, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for EOSE. Earlier on June 02, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for EOSE stock.
Analyzing EOSE Stock Performance
During the last five days, there has been a drop of approximately -5.50%. Over the course of the year, Eos Energy Enterprises Inc shares have dropped approximately -16.54%. Shares of the company reached a 52-week high of $1.2700 on 02/01/24 and a 52-week low of $0.7251 on 01/17/24. A 50-day SMA is recorded $1.0293, while a 200-day SMA reached $1.8655. Nevertheless, trading volume fell to 5.3 million shares from 3.24 million shares the previous day.
Support And Resistance Levels for Eos Energy Enterprises Inc (EOSE)
According to the 24-hour chart, there is a support level at 0.8780, which, if violated, would cause prices to drop to 0.8462. In the upper region, resistance lies at 0.9435. The next price resistance is at 0.9772. RSI (Relative Strength Index) is 39.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0417, which suggests the price will decrease in the coming days. Percent R is at 87.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Eos Energy Enterprises Inc subject to short interest?
Stocks of Eos Energy Enterprises Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.42 million shares to 44.84 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 46.26 million shares. A decline of -3.17% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 8.37 of the overall float, the days-to-cover ratio (short ratio) decline to 8.37.
