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A company insider recently sold 5,500 shares of Encore Capital Group, Inc. [ECPG]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Encore Capital Group, Inc. shares valued at $275,000 were sold by Bell Ryan B on Mar 08 ’24. At $50.00 per share, Bell Ryan B sold 5,500 shares. The insider’s holdings dropped to 42,404 shares worth approximately $1.72 million following the completion of this transaction.

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Also, CLARK JONATHAN C sold 41,617 shares, netting a total of over 2,051,435 in proceeds. Following the sale of shares at $49.29 each, the insider now holds 149,688 shares.

As published in a research note from Janney on March 28, 2023, Encore Capital Group, Inc. [ECPG] has been rated up from a Neutral to a Buy. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid February. As of January 15, 2019, Oppenheimer has increased its “Perform” rating to a “an Outperform” for ECPG. Earlier on January 03, 2019, Buckingham Research initiated its rating. Their recommendation was “a Buy” for ECPG stock.

Analyzing ECPG Stock Performance

During the last five days, there has been a surge of approximately 1.83%. Over the course of the year, Encore Capital Group, Inc. shares have dropped approximately -19.84%. Shares of the company reached a 52-week high of $54.55 on 02/16/24 and a 52-week low of $39.64 on 06/26/24. A 50-day SMA is recorded $43.09, while a 200-day SMA reached $45.87. Nevertheless, trading volume fell to 50241.0 shares from 89200.0 shares the previous day.

Support And Resistance Levels for Encore Capital Group, Inc. (ECPG)

According to the 24-hour chart, there is a support level at 41.18, which, if violated, would cause prices to drop to 40.84. In the upper region, resistance lies at 42.08. The next price resistance is at 42.64. RSI (Relative Strength Index) is 42.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 50.53%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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