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ESAB Corp [ESAB] Stock sold by Insider Vinnakota Rajiv for $85172.0

ESAB Corp’s recent filing unveils that its Director Vinnakota Rajiv unloaded Company’s shares for reported $85172.0 on Mar 06 ’24. In the deal valued at $99.50 per share,856 shares were sold. As a result of this transaction, Vinnakota Rajiv now holds 6,779 shares worth roughly $0.63 million.

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Then, Hix Christopher M sold 7,465 shares, generating $741,161 in total proceeds. Upon selling the shares at $99.28, the Director now owns 33,863 shares.

Before that, Hix Christopher M sold 7,464 shares. ESAB Corp shares valued at $738,264 were divested by the Director at a price of $98.91 per share. As a result of the transaction, Hix Christopher M now holds 41,328 shares, worth roughly $3.83 million.

Oppenheimer initiated its ESAB Corp [ESAB] rating to an Outperform in a research note published on June 20, 2024; the price target was $115. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Overweight”. UBS began covering ESAB with “Neutral” recommendation on September 27, 2023. BofA Securities revised its rating on September 18, 2023. It rated ESAB as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ESAB

On Tuesday, ESAB Corp [NYSE:ESAB] saw its stock fall -0.17% to $92.60. Over the last five days, the stock has lost -1.52%. ESAB Corp shares have risen nearly 6.90% since the year began. Nevertheless, the stocks have risen 39.16% over the past one year. While a 52-week high of $114.77 was reached on 04/08/24, a 52-week low of $61.43 was recorded on 01/03/24. SMA at 50 days reached $101.66, while 200 days put it at $89.85. A total of 0.26 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For ESAB Stock

The 24-hour chart illustrates a support level at 91.89, which if violated will result in even more drops to 91.18. On the upside, there is a resistance level at 93.48. A further resistance level may holdings at 94.36. The Relative Strength Index (RSI) on the 14-day chart is 37.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.24%. Stochastics%K at 38.41% indicates the stock is a holding.

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