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Checking in on Fuel Tech Inc (FTEK) after recent insiders movement

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Fuel Tech Inc’s recently made public that its Director Jones Sharon L acquired Company’s shares for reported $10290.0 on Nov 18 ’24. In the deal valued at $1.05 per share,9,800 shares were bought. As a result of this transaction, Jones Sharon L now holds 88,585 shares worth roughly $94785.95000000001.

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Then, Jones Sharon L bought 4,200 shares, generating $4,410 in total proceeds. Upon buying the shares at $1.05, the Director now owns 78,785 shares.

Before that, Jones Sharon L bought 9,500 shares. Fuel Tech Inc shares valued at $9,690 were divested by the Director at a price of $1.02 per share. As a result of the transaction, Jones Sharon L now holds 58,285 shares, worth roughly $62364.950000000004.

H.C. Wainwright downgraded its Fuel Tech Inc [FTEK] rating to a Neutral from a a Buy in a research note published on Avondale also remained covering FTEK and has increased its forecast on June 09, 2010 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. Brean Murray started covering the stock on October 16, 2009. It rated FTEK as “a Buy”.

Price Performance Review of FTEK

On Tuesday, Fuel Tech Inc [NASDAQ:FTEK] saw its stock jump 3.88% to $1.07. Over the last five days, the stock has gained 4.90%. Fuel Tech Inc shares have risen nearly 1.90% since the year began. Nevertheless, the stocks have risen 0.94% over the past one year. While a 52-week high of $1.34 was reached on 05/09/24, a 52-week low of $0.91 was recorded on 08/05/24. SMA at 50 days reached $1.0243, while 200 days put it at $1.0865.

Levels Of Support And Resistance For FTEK Stock

The 24-hour chart illustrates a support level at 1.0367, which if violated will result in even more drops to 1.0033. On the upside, there is a resistance level at 1.0967. A further resistance level may holdings at 1.1233. The Relative Strength Index (RSI) on the 14-day chart is 64.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0162, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 54.54% indicates the stock is a holding.

How much short interest is there in Fuel Tech Inc?

A steep rise in short interest was recorded in Fuel Tech Inc stocks on 2024-10-31, dropping by 30915.0 shares to a total of 0.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.2 million shares. There was a decline of -18.09%, which implies that there is a negative sentiment for the stock.

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