Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ecovyst Inc shares valued at $50,739 were purchased by Whittleston Paul on Aug 07 ’24. At $6.50 per share, Whittleston Paul acquired 7,800 shares. The insider’s holdings grew to 57,542 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Koscinski Joseph S. purchased 4,807 shares, netting a total of over 30,090 in proceeds. Following the buying of shares at $6.26 each, the insider now holds 544,609 shares.
Before that, Feehan Michael had added 16,000 shares to its account. In a trade valued at $100,542, the insider bought Ecovyst Inc shares for $6.28 each. Upon closing the transaction, the insider’s holdings increased to 16,000 shares, worth approximately $2.98 million.
As published in their initiating research note from Citigroup on September 11, 2023, Ecovyst Inc [ECVT] has been a Buy and the price target has been revised to $12. Analysts at BWS Financial started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of November 29, 2021, Citigroup has initiated its “Neutral” rating for ECVT. Earlier on August 16, 2021, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for ECVT stock.
Analyzing ECVT Stock Performance
During the last five days, there has been a drop of approximately -0.85%. Over the course of the year, Ecovyst Inc shares have dropped approximately -16.27%. Shares of the company reached a 52-week high of $11.35 on 03/28/24 and a 52-week low of $6.02 on 08/05/24. A 50-day SMA is recorded $6.81, while a 200-day SMA reached $8.56. Nevertheless, trading volume fell to 0.62 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Ecovyst Inc (ECVT)
According to the 24-hour chart, there is a support level at 8.09, which, if violated, would cause prices to drop to 8.00. In the upper region, resistance lies at 8.26. The next price resistance is at 8.33. RSI (Relative Strength Index) is 71.78 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 6.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
