Ecolab, Inc.’s filing revealed that its Director REICH VICTORIA unloaded Company’s shares for reported $0.45 million on Sep 11 ’24. In the deal valued at $250.00 per share,1,807 shares were sold. As a result of this transaction, REICH VICTORIA now holds 24,041 shares worth roughly $6.11 million.
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Then, REICH VICTORIA sold 393 shares, generating $98,250 in total proceeds. Upon selling the shares at $250.00, the Director now owns 24,041 shares.
Before that, Gail Peterson bought 20,196 shares. Ecolab, Inc. shares valued at $5,063,137 were divested by the Former Affiliate at a price of $250.70 per share.
Wells Fargo initiated its Ecolab, Inc. [ECL] rating to an Overweight in a research note published on August 13, 2024; the price target was $270. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. BofA Securities also remained covering ECL and has increased its forecast on July 31, 2024 with a “Buy” recommendation from previously “Neutral” rating. Stifel revised its rating on July 08, 2024. It rated ECL as “a Buy” which previously was an “a Hold”.
Price Performance Review of ECL
On Tuesday, Ecolab, Inc. [NYSE:ECL] saw its stock fall -0.23% to $254.26. Over the last five days, the stock has gained 1.52%. Ecolab, Inc. shares have risen nearly 28.19% since the year began. Nevertheless, the stocks have risen 47.84% over the past one year. While a 52-week high of $255.29 was reached on 09/24/24, a 52-week low of $156.72 was recorded on 01/08/24. SMA at 50 days reached $244.62, while 200 days put it at $226.36.
Levels Of Support And Resistance For ECL Stock
The 24-hour chart illustrates a support level at 252.96, which if violated will result in even more drops to 251.65. On the upside, there is a resistance level at 255.78. A further resistance level may holdings at 257.29. The Relative Strength Index (RSI) on the 14-day chart is 61.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.35%. Stochastics %K at 86.55% indicates the stock is a selling.
How much short interest is there in Ecolab, Inc.?
A steep rise in short interest was recorded in Ecolab, Inc. stocks on 2024-08-30, dropping by 10801.0 shares to a total of 1.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.83 million shares. There was a decline of -0.59%, which implies that there is a negative sentiment for the stock.
