Emcor Group, Inc’s recently made public that its Director Walker-Lee Robin A unloaded Company’s shares for reported $0.48 million on Jul 29 ’24. In the deal valued at $370.79 per share,1,300 shares were sold. As a result of this transaction, Walker-Lee Robin A now holds 8,637 shares worth roughly $4.5 million.
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Then, Robin A. Walker-Lee Living Tru bought 1,300 shares, generating $481,501 in total proceeds.
Before that, Lowe Carol P sold 1,245 shares. Emcor Group, Inc shares valued at $465,916 were divested by the Director at a price of $374.23 per share. As a result of the transaction, Lowe Carol P now holds 16,807 shares, worth roughly $8.75 million.
KeyBanc Capital Markets initiated its Emcor Group, Inc [EME] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Sector weight”. Sidoti also remained covering EME and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson revised its rating on February 25, 2022. It rated EME as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EME
On Monday, Emcor Group, Inc [NYSE:EME] saw its stock jump 1.22% to $520.44. Over the last five days, the stock has gained 12.77%. Emcor Group, Inc shares have risen nearly 141.58% since the year began. Nevertheless, the stocks have risen 148.91% over the past one year. While a 52-week high of $519.10 was reached on 11/11/24, a 52-week low of $207.36 was recorded on 01/03/24. SMA at 50 days reached $432.02, while 200 days put it at $367.22.
Levels Of Support And Resistance For EME Stock
The 24-hour chart illustrates a support level at 516.08, which if violated will result in even more drops to 511.73. On the upside, there is a resistance level at 525.05. A further resistance level may holdings at 529.66. The Relative Strength Index (RSI) on the 14-day chart is 81.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 48.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.72%. Stochastics %K at 94.77% indicates the stock is a selling.
How much short interest is there in Emcor Group, Inc?
A steep rise in short interest was recorded in Emcor Group, Inc stocks on 2024-10-15, dropping by -0.26 million shares to a total of 0.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.95 million shares. There was a decline of -37.02%, which implies that there is a negative sentiment for the stock.
