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The Potential Rise in the Price of Entegris Inc (ENTG) following insiders activity

Entegris Inc’s filing revealed that its President, APS Division Woodland Daniel D. unloaded Company’s shares for reported $2.17 million on Jul 11 ’24. In the deal valued at $145.00 per share,15,000 shares were sold. As a result of this transaction, Woodland Daniel D. now holds 37,457 shares worth roughly $4.79 million.

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Then, LOY BERTRAND sold 27,044 shares, generating $3,803,149 in total proceeds. Upon selling the shares at $140.63, the President & CEO now owns 263,068 shares.

Before that, Woodland Daniel D. sold 15,000 shares. Entegris Inc shares valued at $2,100,000 were divested by the President, APS Division at a price of $140.00 per share. As a result of the transaction, Woodland Daniel D. now holds 37,457 shares, worth roughly $4.79 million.

Wolfe Research initiated its Entegris Inc [ENTG] rating to an Outperform in a research note published on March 01, 2024; the price target was $160. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Craig Hallum also remained covering ENTG and has increased its forecast on February 15, 2024 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 04, 2023. It rated ENTG as “a Hold” which previously was an “a Buy”.

Price Performance Review of ENTG

On Monday, Entegris Inc [NASDAQ:ENTG] saw its stock jump 0.84% to $127.78. Over the last five days, the stock has lost -4.30%. Entegris Inc shares have risen nearly 6.64% since the year began. Nevertheless, the stocks have risen 19.75% over the past one year. While a 52-week high of $147.57 was reached on 07/12/24, a 52-week low of $84.12 was recorded on 01/04/24. SMA at 50 days reached $133.42, while 200 days put it at $122.77. A total of 1.25 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For ENTG Stock

The 24-hour chart illustrates a support level at 126.30, which if violated will result in even more drops to 124.81. On the upside, there is a resistance level at 129.91. A further resistance level may holdings at 132.04. The Relative Strength Index (RSI) on the 14-day chart is 43.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.74%. Stochastics%K at 17.62% indicates the stock is a buying.

The most recent change occurred on June 20, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $129 price target.

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