Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Element Solutions Inc shares valued at $222,300 were sold by Fricke Richard L. on Feb 28 ’24. At $23.40 per share, Fricke Richard L. sold 9,500 shares. The insider’s holdings dropped to 36,229 shares worth approximately $1.01 million following the completion of this transaction.
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Also, Goralski Michael sold 11,604 shares, netting a total of over 269,213 in proceeds. Following the sale of shares at $23.20 each, the insider now holds 143,446 shares.
Before that, Goralski Michael had sold 1,169 shares from its account. In a trade valued at $27,121, the Former EVP, Head of I&S traded Element Solutions Inc shares for $23.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,169 shares, worth approximately $4.07 million.
As published in a research note from Wolfe Research on October 25, 2024, Element Solutions Inc [ESI] has been rated up from a Peer perform to an Outperform. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of March 01, 2024, Wolfe Research has initiated its “Peer perform” rating for ESI. Earlier on June 20, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for ESI stock.
Analyzing ESI Stock Performance
During the last five days, there has been a surge of approximately 0.61%. Over the course of the year, Element Solutions Inc shares have jumped approximately 20.22%. Shares of the company reached a 52-week high of $29.78 on 11/25/24 and a 52-week low of $21.42 on 02/21/24. A 50-day SMA is recorded $27.32, while a 200-day SMA reached $25.77. Nevertheless, trading volume fell to 2.06 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Element Solutions Inc (ESI)
According to the 24-hour chart, there is a support level at 27.46, which, if violated, would cause prices to drop to 27.10. In the upper region, resistance lies at 28.10. The next price resistance is at 28.39. RSI (Relative Strength Index) is 49.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 79.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
