Element Solutions Inc’s recent filing unveils that its SVP, Electronics Fricke Richard L. unloaded Company’s shares for reported $0.22 million on Feb 28 ’24. In the deal valued at $23.40 per share,9,500 shares were sold. As a result of this transaction, Fricke Richard L. now holds 36,229 shares worth roughly $1.0 million.
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Then, Goralski Michael sold 11,604 shares, generating $269,213 in total proceeds. Upon selling the shares at $23.20, the Former EVP, Head of I&S now owns 143,446 shares.
Before that, Goralski Michael sold 1,169 shares. Element Solutions Inc shares valued at $27,121 were divested by the Former EVP, Head of I&S at a price of $23.20 per share. As a result of the transaction, Goralski Michael now holds 146,297 shares, worth roughly $4.05 million.
Wolfe Research upgraded its Element Solutions Inc [ESI] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Wolfe Research began covering ESI with “Peer perform” recommendation on March 01, 2024. BMO Capital Markets started covering the stock on June 20, 2023. It rated ESI as “an Outperform”.
Price Performance Review of ESI
On Tuesday, Element Solutions Inc [NYSE:ESI] saw its stock jump 3.82% to $27.69. Over the last five days, the stock has gained 12.38%. Element Solutions Inc shares have risen nearly 19.66% since the year began. Nevertheless, the stocks have risen 53.83% over the past one year. While a 52-week high of $28.68 was reached on 07/16/24, a 52-week low of $17.76 was recorded on 02/21/24. SMA at 50 days reached $25.95, while 200 days put it at $24.95.
Levels Of Support And Resistance For ESI Stock
The 24-hour chart illustrates a support level at 26.80, which if violated will result in even more drops to 25.90. On the upside, there is a resistance level at 28.36. A further resistance level may holdings at 29.03. The Relative Strength Index (RSI) on the 14-day chart is 64.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.31%. Stochastics %K at 74.20% indicates the stock is a holding.
How much short interest is there in Element Solutions Inc?
A steep rise in short interest was recorded in Element Solutions Inc stocks on 2024-10-15, dropping by -0.47 million shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.12 million shares. There was a decline of -28.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $20 price target.
