Ecolab, Inc’s filing revealed that its 10% Owner GATES WILLIAM H III unloaded Company’s shares for reported $25.7 million on Nov 20 ’24. In the deal valued at $241.21 per share,106,542 shares were sold. As a result of this transaction, GATES WILLIAM H III now holds 29,348,741 shares worth roughly $7.2 billion.
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Then, GATES WILLIAM H III sold 100,000 shares, generating $24,278,914 in total proceeds. Upon selling the shares at $242.79, the 10% Owner now owns 29,248,741 shares.
Before that, GATES WILLIAM H III sold 70,000 shares. Ecolab, Inc shares valued at $17,216,728 were divested by the 10% Owner at a price of $245.95 per share. As a result of the transaction, GATES WILLIAM H III now holds 29,178,741 shares, worth roughly $7.16 billion.
UBS downgraded its Ecolab, Inc [ECL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Wells Fargo began covering ECL with “an Overweight” recommendation on August 13, 2024. Citigroup revised its rating on July 31, 2024. It rated ECL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ECL
On Friday, Ecolab, Inc [NYSE:ECL] saw its stock jump 0.77% to $245.30. Over the last five days, the stock has gained 0.02%. Ecolab, Inc shares have risen nearly 23.67% since the year began. Nevertheless, the stocks have risen 31.42% over the past one year. While a 52-week high of $262.61 was reached on 10/18/24, a 52-week low of $186.00 was recorded on 01/08/24. SMA at 50 days reached $251.76, while 200 days put it at $237.96.
Levels Of Support And Resistance For ECL Stock
The 24-hour chart illustrates a support level at 243.80, which if violated will result in even more drops to 242.29. On the upside, there is a resistance level at 246.83. A further resistance level may holdings at 248.35. The Relative Strength Index (RSI) on the 14-day chart is 43.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.18%. Stochastics %K at 29.25% indicates the stock is a holding.
How much short interest is there in Ecolab, Inc?
A steep rise in short interest was recorded in Ecolab, Inc stocks on 2024-10-31, dropping by -0.25 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.02 million shares. There was a decline of -14.32%, which implies that there is a negative sentiment for the stock.
