Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ecolab, Inc. shares valued at $203,913 were sold by Bradway Jennifer J on Feb 15 ’24. At $216.01 per share, Bradway Jennifer J sold 944 shares. The insider’s holdings dropped to 3,029 shares worth approximately $0.66 million following the completion of this transaction.
Also, Marsh Laurie M sold 11,917 shares, netting a total of over 2,281,081 in proceeds. Following the sale of shares at $191.41 each, the insider now holds 20,538 shares.
Before that, MacLennan David had added 800 shares to its account. In a trade valued at $153,221, the Director bought Ecolab, Inc. shares for $191.53 each. Upon closing the transaction, the insider’s holdings increased to 800 shares, worth approximately $3.52 million.
As published in a research note from Mizuho on April 12, 2024, Ecolab, Inc. [ECL] has been rated up from a Neutral to a Buy and the price target has been revised to $260 from $216. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of March 01, 2024, Wolfe Research has initiated its “Peer perform” rating for ECL. Earlier on February 28, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for ECL stock which previously was a “an Equal weight”.
Analyzing ECL Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Ecolab, Inc. shares have jumped approximately 10.54%. Shares of the company reached a 52-week high of $231.86 on 03/27/24 and a 52-week low of $193.46 on 01/08/24. A 50-day SMA is recorded $221.83, while a 200-day SMA reached $193.17. Nevertheless, trading volume fell to 0.91 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Ecolab, Inc. (ECL)
According to the 24-hour chart, there is a support level at 217.51, which, if violated, would cause prices to drop to 215.76. In the upper region, resistance lies at 221.12. The next price resistance is at 223.00. RSI (Relative Strength Index) is 40.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.92, which suggests the price will decrease in the coming days. Percent R is at 88.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
