Eos Energy Enterprises Inc’s recently made public that its Director Bornstein Jeffrey S unloaded Company’s shares for reported $0.35 million on Sep 12 ’24. In the deal valued at $2.63 per share,132,720 shares were sold. As a result of this transaction, Bornstein Jeffrey S now holds 7,999 shares worth roughly $31276.09.
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Then, Bornstein Jeffrey S sold 30,000 shares, generating $78,600 in total proceeds. Upon selling the shares at $2.62, the Director now owns 84,929 shares.
Before that, DIMITRIEF ALEXANDER bought 2,000 shares. Eos Energy Enterprises Inc shares valued at $3,820 were divested by the Director at a price of $1.91 per share. As a result of the transaction, DIMITRIEF ALEXANDER now holds 172,347 shares, worth roughly $0.67 million.
A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Neutral”. Guggenheim also remained covering EOSE and has increased its forecast on September 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on June 30, 2023. It rated EOSE as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EOSE
On Tuesday, Eos Energy Enterprises Inc [NASDAQ:EOSE] saw its stock fall -3.22% to $3.91. Over the last five days, the stock has gained 27.36%. Eos Energy Enterprises Inc shares have risen nearly 258.72% since the year began. Nevertheless, the stocks have risen 246.02% over the past one year. While a 52-week high of $4.15 was reached on 12/16/24, a 52-week low of $0.61 was recorded on 05/08/24. SMA at 50 days reached $2.98, while 200 days put it at $1.85.
Levels Of Support And Resistance For EOSE Stock
The 24-hour chart illustrates a support level at 3.73, which if violated will result in even more drops to 3.55. On the upside, there is a resistance level at 4.09. A further resistance level may holdings at 4.27. The Relative Strength Index (RSI) on the 14-day chart is 70.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.89%. Stochastics %K at 90.52% indicates the stock is a selling.
How much short interest is there in Eos Energy Enterprises Inc?
A steep rise in short interest was recorded in Eos Energy Enterprises Inc stocks on 2024-11-29, growing by 1.21 million shares to a total of 58.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 57.29 million shares. There was a rise of 2.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $2.50 price target.
