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The Attractiveness of Investing In Element Solutions Inc (ESI) is Growing

In a filing, Element Solutions Inc revealed its SVP, Electronics Fricke Richard L. unloaded Company’s shares for reported $0.22 million on Feb 28 ’24. In the deal valued at $23.40 per share,9,500 shares were sold. As a result of this transaction, Fricke Richard L. now holds 36,229 shares worth roughly $0.98 million.

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Then, Gliklich Benjamin sold 6,579 shares, generating $152,633 in total proceeds. Upon selling the shares at $23.20, the President and CEO now owns 726,399 shares.

Before that, D’Ambrisi Joseph J. sold 1,771 shares. Element Solutions Inc shares valued at $41,087 were divested by the EVP Head of Electronics at a price of $23.20 per share. As a result of the transaction, D’Ambrisi Joseph J. now holds 410,077 shares, worth roughly $11.1 million.

Wolfe Research initiated its Element Solutions Inc [ESI] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. Goldman began covering ESI with “Neutral” recommendation on October 13, 2022. Credit Suisse started covering the stock on October 06, 2022. It rated ESI as “an Underperform”.

Price Performance Review of ESI

On Tuesday, Element Solutions Inc [NYSE:ESI] saw its stock jump 0.89% to $27.08. Over the last five days, the stock has gained 1.39%. Element Solutions Inc shares have risen nearly 17.03% since the year began. Nevertheless, the stocks have risen 41.04% over the past one year. While a 52-week high of $27.86 was reached on 06/18/24, a 52-week low of $17.57 was recorded on 02/21/24. SMA at 50 days reached $24.69, while 200 days put it at $22.54. A total of 0.91 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For ESI Stock

The 24-hour chart illustrates a support level at 26.83, which if violated will result in even more drops to 26.58. On the upside, there is a resistance level at 27.23. A further resistance level may holdings at 27.38. The Relative Strength Index (RSI) on the 14-day chart is 62.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.21%. Stochastics%K at 75.46% indicates the stock is a holding.

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