Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ecolab, Inc. shares valued at $559,875 were purchased by Nicolas A. Granucci on Aug 29 ’24. At $249.61 per share, Nicolas A. Granucci acquired 2,243 shares.
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Also, Gregory B. Cook purchased 3,811 shares, netting a total of over 951,264 in proceeds.
Before that, Alfano Nicholas J. had sold 2,652 shares from its account. In a trade valued at $648,401, the EVP & PRES – GLOBAL INDUSTRIAL traded Ecolab, Inc. shares for $244.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,652 shares, worth approximately $3.02 million.
As published in their initiating research note from Wells Fargo on August 13, 2024, Ecolab, Inc. [ECL] has been an Overweight and the price target has been revised to $270. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 31, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for ECL. Earlier on July 08, 2024, Stifel upgraded its rating. Their new recommendation was “a Buy” for ECL stock which previously was a “a Hold”.
Analyzing ECL Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, Ecolab, Inc. shares have jumped approximately 26.09%. Shares of the company reached a 52-week high of $251.07 on 08/29/24 and a 52-week low of $193.46 on 01/08/24. A 50-day SMA is recorded $241.49, while a 200-day SMA reached $221.00. Nevertheless, trading volume fell to 0.63 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Ecolab, Inc. (ECL)
According to the 24-hour chart, there is a support level at 248.58, which, if violated, would cause prices to drop to 247.06. In the upper region, resistance lies at 251.34. The next price resistance is at 252.58. RSI (Relative Strength Index) is 63.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.25, which suggests the price will increase in the coming days. Percent R is at 6.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
