Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chart Industries Inc shares valued at $240,230 were purchased by Harty Linda S on Sep 16 ’24. At $48.05 per share, Harty Linda S acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $0.81 million following the completion of this transaction.
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Also, Hotchkiss Herbert purchased 212 shares, netting a total of over 24,957 in proceeds. Following the buying of shares at $117.72 each, the insider now holds 212 shares.
Before that, Harty Linda S had added 1,000 shares to its account. In a trade valued at $113,500, the Director bought Chart Industries Inc shares for $113.50 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.73 million.
As published in a research note from Morgan Stanley on September 16, 2024, Chart Industries Inc [GTLS] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $175. As of May 06, 2024, TD Cowen has reiterated its “Buy” rating for GTLS.
Analyzing GTLS Stock Performance
During the last five days, there has been a surge of approximately 34.99%. Over the course of the year, Chart Industries Inc shares have jumped approximately 19.53%. Shares of the company reached a 52-week high of $171.68 on 07/17/24 and a 52-week low of $101.60 on 09/11/24. A 50-day SMA is recorded $124.05, while a 200-day SMA reached $138.12. Nevertheless, trading volume fell to 1.11 million shares from 2.01 million shares the previous day.
Support And Resistance Levels for Chart Industries Inc (GTLS)
According to the 24-hour chart, there is a support level at 160.81, which, if violated, would cause prices to drop to 158.65. In the upper region, resistance lies at 166.06. The next price resistance is at 169.15. RSI (Relative Strength Index) is 79.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 26.83, which suggests the price will increase in the coming days. Percent R is at 8.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
