Emcor Group, Inc.’s filing revealed that its VP and Controller Lind Robert Peter unloaded Company’s shares for reported $174.0 on May 17 ’24. In the deal valued at $377.85 per share,0 shares were sold. As a result of this transaction, Lind Robert Peter now holds 5,488 shares worth roughly $2.13 million.
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Then, Nalbandian Jason R sold 0 shares, generating $166 in total proceeds. Upon selling the shares at $377.85, the SVP, CFO, Chief Acct. Officer now owns 13,644 shares.
Before that, Lind Robert Peter bought 2 shares. Emcor Group, Inc. shares valued at $546 were divested by the VP and Controller at a price of $357.17 per share. As a result of the transaction, Lind Robert Peter now holds 5,489 shares, worth roughly $2.13 million.
KeyBanc Capital Markets initiated its Emcor Group, Inc. [EME] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Sector weight”. Sidoti also remained covering EME and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson revised its rating on February 25, 2022. It rated EME as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EME
On Tuesday, Emcor Group, Inc. [NYSE:EME] saw its stock jump 1.15% to $388.24. Over the last five days, the stock has gained 3.74%. Emcor Group, Inc. shares have risen nearly 80.22% since the year began. Nevertheless, the stocks have risen 135.37% over the past one year. While a 52-week high of $386.49 was reached on 05/21/24, a 52-week low of $161.49 was recorded on 01/03/24. SMA at 50 days reached $354.30, while 200 days put it at $257.06. A total of 0.45 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For EME Stock
The 24-hour chart illustrates a support level at 383.29, which if violated will result in even more drops to 378.35. On the upside, there is a resistance level at 390.95. A further resistance level may holdings at 393.67. The Relative Strength Index (RSI) on the 14-day chart is 67.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.20%. Stochastics %K at 90.52% indicates the stock is a selling.
