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A company insider recently sold 9,500 shares of Element Solutions Inc [ESI]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Element Solutions Inc shares valued at $222,300 were sold by Fricke Richard L. on Feb 28 ’24. At $23.40 per share, Fricke Richard L. sold 9,500 shares. The insider’s holdings dropped to 36,229 shares worth approximately $1.0 million following the completion of this transaction.

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Also, Gliklich Benjamin sold 6,579 shares, netting a total of over 152,633 in proceeds. Following the sale of shares at $23.20 each, the insider now holds 726,399 shares.

Before that, D’Ambrisi Joseph J. had sold 1,771 shares from its account. In a trade valued at $41,087, the EVP Head of Electronics traded Element Solutions Inc shares for $23.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,771 shares, worth approximately $11.28 million.

As published in their initiating research note from Wolfe Research on March 01, 2024, Element Solutions Inc [ESI] has been a Peer perform. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid June. As of October 13, 2022, Goldman has initiated its “Neutral” rating for ESI. Earlier on October 06, 2022, Credit Suisse initiated its rating. Their recommendation was “an Underperform” for ESI stock.

Analyzing ESI Stock Performance

During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, Element Solutions Inc shares have jumped approximately 18.84%. Shares of the company reached a 52-week high of $27.86 on 06/18/24 and a 52-week low of $21.42 on 02/21/24. A 50-day SMA is recorded $25.03, while a 200-day SMA reached $22.73. Nevertheless, trading volume fell to 1.15 million shares from 1.09 million shares the previous day.

Support And Resistance Levels for Element Solutions Inc (ESI)

According to the 24-hour chart, there is a support level at 27.26, which, if violated, would cause prices to drop to 27.02. In the upper region, resistance lies at 27.66. The next price resistance is at 27.82. RSI (Relative Strength Index) is 64.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 26.50%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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