The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ecolab, Inc shares valued at $5,081,648 were purchased by Christophe Beck on Nov 07 ’24. At $244.71 per share, Christophe Beck acquired 20,766 shares.
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Also, Cascade Investment, L.L.C. purchased 1,230,000 shares, netting a total of over 300,000,000 in proceeds.
Before that, GATES WILLIAM H III had sold 409,136 shares from its account. In a trade valued at $101,024,631, the 10% Owner traded Ecolab, Inc shares for $246.92 each. Upon closing the transaction, the insider’s holdings decreased to 409,136 shares, worth approximately $7.58 billion.
As published in a research note from UBS on November 04, 2024, Ecolab, Inc [ECL] has been rated down from a Buy to a Neutral and the price target has been revised to $276. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for ECL. Earlier on July 31, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for ECL stock which previously was a “a Neutral”.
Analyzing ECL Stock Performance
During the last five days, there has been a surge of approximately 0.23%. Over the course of the year, Ecolab, Inc shares have jumped approximately 24.17%. Shares of the company reached a 52-week high of $262.61 on 10/18/24 and a 52-week low of $193.46 on 01/08/24. A 50-day SMA is recorded $252.31, while a 200-day SMA reached $235.38. Nevertheless, trading volume fell to 0.94 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for Ecolab, Inc (ECL)
According to the 24-hour chart, there is a support level at 244.83, which, if violated, would cause prices to drop to 243.37. In the upper region, resistance lies at 247.38. The next price resistance is at 248.47. RSI (Relative Strength Index) is 40.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.58, which suggests the price will decrease in the coming days. Percent R is at 80.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
