Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Emcor Group, Inc. shares valued at $1,917,900 were sold by Guzzi Anthony on Mar 12 ’24. At $319.65 per share, Guzzi Anthony sold 6,000 shares. The insider’s holdings dropped to 219,023 shares worth approximately $77.81 million following the completion of this transaction.
Also, Guzzi Anthony sold 11,000 shares, netting a total of over 2,160,070 in proceeds. Following the sale of shares at $196.37 each, the insider now holds 224,722 shares.
Before that, Guzzi Anthony had sold 824 shares from its account. In a trade valued at $153,486, the Chairman, President and CEO traded Emcor Group, Inc. shares for $186.27 each. Upon closing the transaction, the insider’s holdings decreased to 824 shares, worth approximately $83.74 million.
As published in their initiating research note from KeyBanc Capital Markets on January 10, 2024, Emcor Group, Inc. [EME] has been a Sector weight. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in mid January. As of May 16, 2022, Sidoti has increased its “Neutral” rating to a “Buy” for EME. Earlier on February 25, 2022, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for EME stock which previously was a “a Neutral”.
Analyzing EME Stock Performance
During the last five days, there has been a surge of approximately 4.82%. Over the course of the year, Emcor Group, Inc. shares have jumped approximately 64.90%. Shares of the company reached a 52-week high of $369.53 on 04/04/24 and a 52-week low of $209.31 on 01/03/24. A 50-day SMA is recorded $333.20, while a 200-day SMA reached $244.83. Nevertheless, trading volume fell to 0.39 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Emcor Group, Inc. (EME)
According to the 24-hour chart, there is a support level at 352.09, which, if violated, would cause prices to drop to 348.95. In the upper region, resistance lies at 360.22. The next price resistance is at 365.21. RSI (Relative Strength Index) is 59.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.17, which suggests the price will increase in the coming days. Percent R is at 28.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
