Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fuel Tech Inc shares valued at $8,656 were purchased by Jones Sharon L on Nov 19 ’24. At $1.08 per share, Jones Sharon L acquired 8,014 shares. The insider’s holdings grew to 96,600 shares worth approximately $0.1 million following the completion of this transaction.
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Also, Jones Sharon L purchased 9,800 shares, netting a total of over 10,290 in proceeds. Following the buying of shares at $1.05 each, the insider now holds 88,585 shares.
Before that, Jones Sharon L had added 4,200 shares to its account. In a trade valued at $4,410, the Director bought Fuel Tech Inc shares for $1.05 each. Upon closing the transaction, the insider’s holdings increased to 4,200 shares, worth approximately $83512.1.
As published in a research note from H.C. Wainwright on March 13, 2020, Fuel Tech Inc [FTEK] has been rated down from a Buy to a Neutral. As of June 09, 2010, Avondale has increased its “Mkt perform” rating to a “Mkt outperform” for FTEK. Earlier on October 16, 2009, Brean Murray initiated its rating. Their recommendation was “a Buy” for FTEK stock.
Analyzing FTEK Stock Performance
During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Fuel Tech Inc shares have jumped approximately 0.95%. Shares of the company reached a 52-week high of $1.3400 on 05/09/24 and a 52-week low of $0.9100 on 08/05/24. A 50-day SMA is recorded $1.0331, while a 200-day SMA reached $1.0842. Nevertheless, trading volume fell to 57089.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Fuel Tech Inc (FTEK)
According to the 24-hour chart, there is a support level at 1.0467, which, if violated, would cause prices to drop to 1.0333. In the upper region, resistance lies at 1.0867. The next price resistance is at 1.1133. RSI (Relative Strength Index) is 52.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0264, which suggests the price will decrease in the coming days. Percent R is at 60.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
