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Northland Capital initates Ceco Environmental Corp. (CECO) rating to an Outperform

In a filing, Ceco Environmental Corp. revealed its Director WALLMAN RICHARD F acquired Company’s shares for reported $98000.0 on May 21 ’24. In the deal valued at $24.50 per share,4,000 shares were bought. As a result of this transaction, WALLMAN RICHARD F now holds 205,319 shares worth roughly $5.12 million.

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Then, WALLMAN RICHARD F bought 5,000 shares, generating $109,749 in total proceeds. Upon buying the shares at $21.95, the Director now owns 191,853 shares.

Before that, WALLMAN RICHARD F bought 50,000 shares. Ceco Environmental Corp. shares valued at $989,195 were divested by the Director at a price of $19.78 per share. As a result of the transaction, WALLMAN RICHARD F now holds 185,853 shares, worth roughly $4.64 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 Friday, Ceco Environmental Corp. [NASDAQ:CECO] saw its stock jump 1.84% to $24.95. Over the last five days, the stock has gained 3.53%. Ceco Environmental Corp. shares have risen nearly 23.03% since the year began. Nevertheless, the stocks have risen 86.19% over the past one year. While a 52-week high of $26.80 was reached on 05/28/24, a 52-week low of $11.46 was recorded on 03/05/24. SMA at 50 days reached $24.07, while 200 days put it at $20.37. A total of 0.66 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 24.37, which if violated will result in even more drops to 23.79. On the upside, there is a resistance level at 25.26. A further resistance level may holdings at 25.57. The Relative Strength Index (RSI) on the 14-day chart is 56.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.22%. Stochastics %K at 70.29% indicates the stock is a holding.

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