The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ESS Tech Inc shares valued at $35,817 were purchased by Quarls Harry on May 09 ’24. At $0.84 per share, Quarls Harry acquired 42,690 shares. The insider’s holdings grew to 366,146 shares worth approximately $0.31 million following the completion of this transaction.
Also, Hossfeld Rich purchased 2,500 shares, netting a total of over 1,814 in proceeds. Following the buying of shares at $0.73 each, the insider now holds 147,873 shares.
Analysts at Chardan Capital Markets started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of March 31, 2022, Deutsche Bank has initiated its “Hold” rating for GWH. Earlier on March 22, 2022, Guggenheim initiated its rating. Their recommendation was “a Buy” for GWH stock.
Analyzing GWH Stock Performance
During the last five days, there has been a surge of approximately 3.27%. Over the course of the year, ESS Tech Inc shares have dropped approximately -25.72%. Shares of the company reached a 52-week high of $1.1800 on 01/02/24 and a 52-week low of $0.6111 on 03/22/24. A 50-day SMA is recorded $0.7498, while a 200-day SMA reached $1.1760. Nevertheless, trading volume fell to 0.61 million shares from 1.69 million shares the previous day.
Support And Resistance Levels for ESS Tech Inc (GWH)
According to the 24-hour chart, there is a support level at 0.8001, which, if violated, would cause prices to drop to 0.7534. In the upper region, resistance lies at 0.8905. The next price resistance is at 0.9342. RSI (Relative Strength Index) is 59.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0752, which suggests the price will decrease in the coming days. Percent R is at 34.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
