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Entegris Inc (ENTG) Becoming More Attractive for Investors

In a filing, Entegris Inc revealed its Director LEDERER JAMES P unloaded Company’s shares for reported $0.22 million on Mar 08 ’24. In the deal valued at $146.21 per share,1,500 shares were sold. As a result of this transaction, LEDERER JAMES P now holds 17,902 shares worth roughly $2.44 million.

Then, GENTILCORE JAMES sold 2,567 shares, generating $372,292 in total proceeds. Upon selling the shares at $145.03, the Director now owns 13,967 shares.

Before that, Sauer Michael sold 1,897 shares. Entegris Inc shares valued at $251,428 were divested by the VP, Controller & CAO at a price of $132.54 per share. As a result of the transaction, Sauer Michael now holds 1,779 shares, worth roughly $0.24 million.

Wolfe Research initiated its Entegris Inc [ENTG] rating to an Outperform in a research note published on March 01, 2024; the price target was $160. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Craig Hallum also remained covering ENTG and has increased its forecast on February 15, 2024 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 04, 2023. It rated ENTG as “a Hold” which previously was an “a Buy”.

Price Performance Review of ENTG

On Monday, Entegris Inc [NASDAQ:ENTG] saw its stock jump 2.61% to $136.06. Over the last five days, the stock has gained 9.69%. Entegris Inc shares have risen nearly 13.55% since the year began. Nevertheless, the stocks have risen 85.27% over the past one year. While a 52-week high of $146.91 was reached on 03/08/24, a 52-week low of $71.16 was recorded on 01/04/24. SMA at 50 days reached $135.66, while 200 days put it at $112.11. A total of 1.87 million shares were traded, compared to the trading of 1.37 million shares in the previous session.

Levels Of Support And Resistance For ENTG Stock

The 24-hour chart illustrates a support level at 133.01, which if violated will result in even more drops to 129.96. On the upside, there is a resistance level at 137.64. A further resistance level may holdings at 139.22. The Relative Strength Index (RSI) on the 14-day chart is 55.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.48%. Stochastics %K at 62.49% indicates the stock is a holding.

The most recent change occurred on June 20, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $129 price target.

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