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Taking a Closer Look At Chart Industries Inc (GTLS) Following Its Recent Trade

Chart Industries Inc’s filing revealed 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 $1.25 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 $0.18 million.

A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. TD Cowen also remained covering GTLS and reiterated its “an Outperform” recommendation on February 29, 2024. Raymond James revised its rating on January 04, 2024. It rated GTLS as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of GTLS

On Friday, Chart Industries Inc [NYSE:GTLS] saw its stock fall -1.32% to $150.00. Over the last five days, the stock has gained 1.32%. Chart Industries Inc shares have risen nearly 10.03% since the year began. Nevertheless, the stocks have risen 17.01% over the past one year. While a 52-week high of $184.65 was reached on 03/28/24, a 52-week low of $106.66 was recorded on 01/26/24. SMA at 50 days reached $147.77, while 200 days put it at $146.34. A total of 0.73 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For GTLS Stock

The 24-hour chart illustrates a support level at 148.74, which if violated will result in even more drops to 147.48. On the upside, there is a resistance level at 152.27. A further resistance level may holdings at 154.54. The Relative Strength Index (RSI) on the 14-day chart is 47.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.72%. Stochastics %K at 33.95% indicates the stock is a holding.

The most recent change occurred on September 25, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $212 price target.

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