Encore Capital Group, Inc.’s filing revealed that its President, MCM Bell Ryan B unloaded Company’s shares for reported $0.28 million on Mar 08 ’24. In the deal valued at $50.00 per share,5,500 shares were sold. As a result of this transaction, Bell Ryan B now holds 42,404 shares worth roughly $1.82 million.
Then, CLARK JONATHAN C sold 41,617 shares, generating $2,051,435 in total proceeds. Upon selling the shares at $49.29, the EVP, CFO & Treasurer now owns 149,688 shares.
Before that, OLLE LAURA sold 1,040 shares. Encore Capital Group, Inc. shares valued at $50,638 were divested by the Director at a price of $48.69 per share. As a result of the transaction, OLLE LAURA now holds 29,892 shares, worth roughly $1.28 million.
Janney upgraded its Encore Capital Group, Inc. [ECPG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Market perform”. Oppenheimer also remained covering ECPG and has increased its forecast on January 15, 2019 with a “an Outperform” recommendation from previously “Perform” rating. Buckingham Research started covering the stock on January 03, 2019. It rated ECPG as “a Buy”.
Price Performance Review of ECPG
On Tuesday, Encore Capital Group, Inc. [NASDAQ:ECPG] saw its stock fall -0.81% to $42.97. Over the last five days, the stock has gained 4.58%. Encore Capital Group, Inc. shares have fallen nearly -15.33% since the year began. Nevertheless, the stocks have fallen -11.53% over the past one year. While a 52-week high of $54.73 was reached on 02/16/24, a 52-week low of $34.74 was recorded on 04/16/24. SMA at 50 days reached $44.84, while 200 days put it at $46.97. A total of 0.26 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For ECPG Stock
The 24-hour chart illustrates a support level at 42.49, which if violated will result in even more drops to 42.01. On the upside, there is a resistance level at 43.81. A further resistance level may holdings at 44.65. The Relative Strength Index (RSI) on the 14-day chart is 48.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.14%. Stochastics %K at 62.60% indicates the stock is a holding.
