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Investing in Eastern Co. (EML) Is Getting More Attractive

Eastern Co.’s recently made public that its Chief Executive Officer Hernandez Mark Anthony acquired Company’s shares for reported $28770.0 on May 17 ’24. In the deal valued at $30.00 per share,959 shares were bought. As a result of this transaction, Hernandez Mark Anthony now holds 36,208 shares worth roughly $0.92 million.

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Then, Hernandez Mark Anthony bought 2,341 shares, generating $67,866 in total proceeds. Upon buying the shares at $28.99, the Chief Executive Officer now owns 35,249 shares.

Before that, DiSanto Frederick D. bought 3,300 shares. Eastern Co. shares valued at $61,248 were divested by the Director at a price of $18.56 per share. As a result of the transaction, DiSanto Frederick D. now holds 61,346 shares, worth roughly $1.56 million.

Price Performance Review of EML

On Friday, Eastern Co. [NASDAQ:EML] saw its stock jump 2.41% to $25.47. Over the last five days, the stock has lost -1.47%. Eastern Co. shares have risen nearly 15.77% since the year began. Nevertheless, the stocks have risen 40.02% over the past one year. While a 52-week high of $35.78 was reached on 03/27/24, a 52-week low of $16.10 was recorded on 01/02/24. SMA at 50 days reached $28.38, while 200 days put it at $23.96. A total of 0.68 million shares were traded, compared to the trading of 47600.0 shares in the previous session.

Levels Of Support And Resistance For EML Stock

The 24-hour chart illustrates a support level at 24.56, which if violated will result in even more drops to 23.66. On the upside, there is a resistance level at 26.62. A further resistance level may holdings at 27.78. The Relative Strength Index (RSI) on the 14-day chart is 43.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.23%. Stochastics%K at 38.04% indicates the stock is a holding.

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