Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enersys shares valued at $50,435 were sold by Uplinger Chad C on Aug 30 ’24. At $100.87 per share, Uplinger Chad C sold 500 shares. The insider’s holdings dropped to 17,175 shares worth approximately $1.75 million following the completion of this transaction.
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Also, Shaffer David M sold 17,600 shares, netting a total of over 1,761,408 in proceeds. Following the sale of shares at $100.08 each, the insider now holds 226,540 shares.
Before that, Uplinger Chad C had added 500 shares to its account. In a trade valued at $50,500, the DIVISION PRESIDENT bought Enersys shares for $101.00 each.
As published in their initiating research note from ROTH MKM on August 27, 2024, Enersys [ENS] has been a Buy and the price target has been revised to $120. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of February 09, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for ENS. Earlier on December 20, 2023, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for ENS stock.
Analyzing ENS Stock Performance
During the last five days, there has been a surge of approximately 3.93%. Over the course of the year, Enersys shares have jumped approximately 0.93%. Shares of the company reached a 52-week high of $112.53 on 07/31/24 and a 52-week low of $86.41 on 02/13/24. A 50-day SMA is recorded $99.89, while a 200-day SMA reached $98.06. Nevertheless, trading volume fell to 0.58 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Enersys (ENS)
According to the 24-hour chart, there is a support level at 100.61, which, if violated, would cause prices to drop to 99.32. In the upper region, resistance lies at 103.44. The next price resistance is at 104.98. RSI (Relative Strength Index) is 56.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 31.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
