Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Custom Truck One Source Inc shares valued at $8,051,053 were sold by ECP ControlCo, LLC on Sep 05 ’24. At $3.42 per share, ECP ControlCo, LLC sold 2,354,109 shares. The insider’s holdings dropped to 23,384,879 shares worth approximately $116.92 million following the completion of this transaction.
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Also, NESCO Holdings, LP sold 2,354,109 shares, netting a total of over 8,051,053 in proceeds. Following the sale of shares at $3.42 each, the insider now holds 23,384,879 shares.
Before that, Nesco Holdings, L.P. had added 1,942,535 shares to its account. In a trade valued at $7,381,633, the Former Director bought Custom Truck One Source Inc shares for $3.80 each.
As published in their initiating research note from DA Davidson on February 16, 2023, Custom Truck One Source Inc [CTOS] has been a Buy and the price target has been revised to $12. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of March 30, 2022, Deutsche Bank has initiated its “Buy” rating for CTOS. Earlier on January 14, 2022, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for CTOS stock.
Analyzing CTOS Stock Performance
During the last five days, there has been a surge of approximately 25.94%. Over the course of the year, Custom Truck One Source Inc shares have dropped approximately -19.09%. Shares of the company reached a 52-week high of $7.00 on 02/15/24 and a 52-week low of $3.03 on 10/10/24. A 50-day SMA is recorded $3.62, while a 200-day SMA reached $4.78. Nevertheless, trading volume fell to 1.79 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Custom Truck One Source Inc (CTOS)
According to the 24-hour chart, there is a support level at 4.65, which, if violated, would cause prices to drop to 4.29. In the upper region, resistance lies at 5.22. The next price resistance is at 5.43. RSI (Relative Strength Index) is 82.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 4.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
