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Emcor Group, Inc. (EME) gets rating Initiated from KeyBanc Capital Markets

In a filing, Emcor Group, Inc. revealed its Director Lowe Carol P unloaded Company’s shares for reported $0.47 million on Jun 06 ’24. In the deal valued at $374.23 per share,1,245 shares were sold. As a result of this transaction, Lowe Carol P now holds 16,807 shares worth roughly $6.0 million.

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Then, Mauricio Maxine Lum sold 4,620 shares, generating $1,799,860 in total proceeds. Upon selling the shares at $389.58, the CAO, EVP and General Counsel now owns 23,837 shares.

Before that, Lind Robert Peter sold 0 shares. Emcor Group, Inc. shares valued at $174 were divested by the VP and Controller at a price of $377.85 per share. As a result of the transaction, Lind Robert Peter now holds 5,488 shares, worth roughly $1.96 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 fall -0.78% to $356.86. Over the last five days, the stock has lost -5.72%. Emcor Group, Inc. shares have risen nearly 65.65% since the year began. Nevertheless, the stocks have risen 93.13% over the past one year. While a 52-week high of $401.98 was reached on 05/28/24, a 52-week low of $180.63 was recorded on 01/03/24. SMA at 50 days reached $373.94, while 200 days put it at $279.44. A total of 0.65 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For EME Stock

The 24-hour chart illustrates a support level at 354.19, which if violated will result in even more drops to 351.53. On the upside, there is a resistance level at 360.33. A further resistance level may holdings at 363.81. The Relative Strength Index (RSI) on the 14-day chart is 35.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.92%. Stochastics%K at 6.80% indicates the stock is a buying.

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