Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ecolab, Inc shares valued at $20,629,024 were sold by GATES WILLIAM H III on Nov 18 ’24. At $245.96 per share, GATES WILLIAM H III sold 83,873 shares. The insider’s holdings dropped to 29,534,868 shares worth approximately $7.14 billion following the completion of this transaction.
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Also, GATES WILLIAM H III sold 79,585 shares, netting a total of over 19,456,852 in proceeds. Following the sale of shares at $244.48 each, the insider now holds 29,455,283 shares.
Before that, De Boo Alexander A. had sold 1,390 shares from its account. In a trade valued at $341,563, the EVP & PRES – GLOBAL MARKETS traded Ecolab, Inc shares for $245.73 each. Upon closing the transaction, the insider’s holdings decreased to 1,390 shares, worth approximately $0.93 million.
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 drop of approximately -3.25%. Over the course of the year, Ecolab, Inc shares have jumped approximately 21.89%. 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 $252.01, while a 200-day SMA reached $237.55. Nevertheless, trading volume fell to 1.46 million shares from 1.13 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 239.43, which, if violated, would cause prices to drop to 237.09. In the upper region, resistance lies at 244.79. The next price resistance is at 247.81. RSI (Relative Strength Index) is 36.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.46, which suggests the price will decrease in the coming days. Percent R is at 85.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
