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Insider Selling: Reynolds Jack M, Energy Services of America Corp [ESOA] Director divested 25,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Energy Services of America Corp shares valued at $260,000 were sold by Reynolds Jack M on Sep 19 ’24. At $10.40 per share, Reynolds Jack M sold 25,000 shares. The insider’s holdings dropped to 433,385 shares worth approximately $6.83 million following the completion of this transaction.

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Also, Reynolds Jack M sold 25,000 shares, netting a total of over 257,500 in proceeds. Following the sale of shares at $10.30 each, the insider now holds 408,385 shares.

Before that, Lucente Frank S had sold 1,000 shares from its account. In a trade valued at $10,500, the Director traded Energy Services of America Corp shares for $10.50 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $4.38 million.

Analyzing ESOA Stock Performance

During the last five days, there has been a surge of approximately 7.58%. Over the course of the year, Energy Services of America Corp shares have jumped approximately 163.38%. Shares of the company reached a 52-week high of $16.49 on 11/27/24 and a 52-week low of $5.22 on 01/16/24. A 50-day SMA is recorded $11.61, while a 200-day SMA reached $8.76. Nevertheless, trading volume fell to 0.21 million shares from 0.19 million shares the previous day.

Support And Resistance Levels for Energy Services of America Corp (ESOA)

According to the 24-hour chart, there is a support level at 15.21, which, if violated, would cause prices to drop to 14.67. In the upper region, resistance lies at 16.39. The next price resistance is at 17.03. RSI (Relative Strength Index) is 73.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.11, which suggests the price will increase in the coming days. Percent R is at 18.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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