Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ceco Environmental Corp. shares valued at $98,000 were purchased by WALLMAN RICHARD F on May 21 ’24. At $24.50 per share, WALLMAN RICHARD F acquired 4,000 shares. The insider’s holdings grew to 205,319 shares worth approximately $5.59 million following the completion of this transaction.
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Also, WALLMAN RICHARD F purchased 5,000 shares, netting a total of over 109,749 in proceeds. Following the buying of shares at $21.95 each, the insider now holds 191,853 shares.
Before that, WALLMAN RICHARD F had added 50,000 shares to its account. In a trade valued at $989,195, the Director bought Ceco Environmental Corp. shares for $19.78 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $5.06 million.
As published in their initiating research note from Northland Capital on January 17, 2024, Ceco Environmental Corp. [CECO] has been an Outperform and the price target has been revised to $26.
Analyzing CECO Stock Performance
During the last five days, there has been a surge of approximately 2.87%. Over the course of the year, Ceco Environmental Corp. shares have jumped approximately 34.17%. Shares of the company reached a 52-week high of $29.11 on 06/28/24 and a 52-week low of $18.50 on 03/05/24. A 50-day SMA is recorded $24.77, while a 200-day SMA reached $20.89. Nevertheless, trading volume fell to 0.16 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Ceco Environmental Corp. (CECO)
According to the 24-hour chart, there is a support level at 27.81, which, if violated, would cause prices to drop to 27.28. In the upper region, resistance lies at 28.66. The next price resistance is at 28.97. RSI (Relative Strength Index) is 60.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.09, which suggests the price will increase in the coming days. Percent R is at 12.79%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
