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Understanding the Risks of Investing in Chart Industries Inc (GTLS)

Chart Industries Inc’s recent filing unveils that its Director Harty Linda S acquired Company’s shares for reported $0.24 million on Sep 16 ’24. In the deal valued at $48.05 per share,5,000 shares were bought. As a result of this transaction, Harty Linda S now holds 5,000 shares worth roughly $0.59 million.

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Then, Hotchkiss Herbert bought 212 shares, generating $24,957 in total proceeds. Upon buying the shares at $117.72, the VP, GC and Secretary now owns 212 shares.

Before that, Harty Linda S bought 1,000 shares. Chart Industries Inc shares valued at $113,500 were divested by the Director at a price of $113.50 per share. As a result of the transaction, Harty Linda S now holds 10,640 shares, worth roughly $1.25 million.

Morgan Stanley upgraded its Chart Industries Inc [GTLS] rating to an Overweight from a an Equal-weight in a research note published recently. TD Cowen also remained covering GTLS and reiterated its “Buy” recommendation on May 06, 2024.

Price Performance Review of GTLS

On Monday, Chart Industries Inc [NYSE:GTLS] saw its stock jump 2.01% to $117.29. Over the last five days, the stock has gained 6.54%. Chart Industries Inc shares have fallen nearly -13.97% since the year began. Nevertheless, the stocks have fallen -32.79% over the past one year. While a 52-week high of $177.21 was reached on 07/17/24, a 52-week low of $101.60 was recorded on 09/11/24. SMA at 50 days reached $131.96, while 200 days put it at $138.70.

Levels Of Support And Resistance For GTLS Stock

The 24-hour chart illustrates a support level at 114.46, which if violated will result in even more drops to 111.63. On the upside, there is a resistance level at 119.66. A further resistance level may holdings at 122.03. The Relative Strength Index (RSI) on the 14-day chart is 47.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.12%. Stochastics %K at 47.10% indicates the stock is a holding.

How much short interest is there in Chart Industries Inc?

A steep rise in short interest was recorded in Chart Industries Inc stocks on 2024-08-30, growing by 0.59 million shares to a total of 6.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.2 million shares. There was a rise of 8.63%, which implies that there is a positive sentiment for the stock.

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