Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Eos Energy Enterprises Inc shares valued at $349,054 were sold by Bornstein Jeffrey S on Sep 12 ’24. At $2.63 per share, Bornstein Jeffrey S sold 132,720 shares. The insider’s holdings dropped to 7,999 shares worth approximately $23197.1 following the completion of this transaction.
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Also, Bornstein Jeffrey S sold 30,000 shares, netting a total of over 78,600 in proceeds. Following the sale of shares at $2.62 each, the insider now holds 84,929 shares.
Before that, DIMITRIEF ALEXANDER had added 2,000 shares to its account. In a trade valued at $3,820, the Director bought Eos Energy Enterprises Inc shares for $1.91 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.5 million.
Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of September 01, 2023, Guggenheim has increased its “Neutral” rating to a “Buy” for EOSE. Earlier on June 30, 2023, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for EOSE stock which previously was a “a Buy”.
Analyzing EOSE Stock Performance
During the last five days, there has been a drop of approximately -8.81%. Over the course of the year, Eos Energy Enterprises Inc shares have jumped approximately 166.06%. Shares of the company reached a 52-week high of $3.30 on 10/07/24 and a 52-week low of $0.61 on 05/08/24. A 50-day SMA is recorded $2.37, while a 200-day SMA reached $1.39. Nevertheless, trading volume fell to 5.47 million shares from 6.57 million shares the previous day.
Support And Resistance Levels for Eos Energy Enterprises Inc (EOSE)
According to the 24-hour chart, there is a support level at 2.80, which, if violated, would cause prices to drop to 2.70. In the upper region, resistance lies at 2.99. The next price resistance is at 3.07. RSI (Relative Strength Index) is 56.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 41.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
