KD Logo

Ceco Environmental Corp. (CECO) receives an Outperform rating from Northland Capital

Ceco Environmental Corp.’s filing revealed that its Director WALLMAN RICHARD F acquired Company’s shares for reported $0.99 million on Mar 06 ’24. In the deal valued at $19.78 per share,50,000 shares were bought. As a result of this transaction, WALLMAN RICHARD F now holds 185,853 shares worth roughly $4.02 million.

Then, SIEGEL LAURIE bought 2,500 shares, generating $49,664 in total proceeds. Upon buying the shares at $19.87, the Director now owns 7,906 shares.

Before that, Gleason Todd R sold 14,500 shares. Ceco Environmental Corp. shares valued at $306,088 were divested by the Chief Executive Officer at a price of $21.11 per share. As a result of the transaction, Gleason Todd R now holds 184,965 shares, worth roughly $4.0 million.

Northland Capital initiated its Ceco Environmental Corp. [CECO] rating to an Outperform in a research note published on January 17, 2024; the price target was $26.

Price Performance Review of CECO

On Tuesday, Ceco Environmental Corp. [NASDAQ:CECO] saw its stock fall -14.85% to $21.62. Over the last five days, the stock has lost -9.27%. Ceco Environmental Corp. shares have risen nearly 6.61% since the year began. Nevertheless, the stocks have risen 86.22% over the past one year. While a 52-week high of $25.82 was reached on 04/29/24, a 52-week low of $10.68 was recorded on 03/05/24. SMA at 50 days reached $22.56, while 200 days put it at $18.34. A total of 1.04 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For CECO Stock

The 24-hour chart illustrates a support level at 19.93, which if violated will result in even more drops to 18.24. On the upside, there is a resistance level at 23.38. A further resistance level may holdings at 25.15. The Relative Strength Index (RSI) on the 14-day chart is 39.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.14%. Stochastics %K at 68.48% indicates the stock is a holding.

Most Popular

[the_ad id="945"]