The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ElectroCore Inc shares valued at $30,595 were purchased by Errico Thomas J. on Aug 15 ’24. At $6.12 per share, Errico Thomas J. acquired 5,000 shares. The insider’s holdings grew to 233,818 shares worth approximately $3.62 million following the completion of this transaction.
Also, GANDOLFO JOHN P purchased 1,000 shares, netting a total of over 6,430 in proceeds. Following the buying of shares at $6.43 each, the insider now holds 50,704 shares.
Before that, Goldberger Daniel S had added 38,505 shares to its account. In a trade valued at $247,587, the Chief Executive Officer bought ElectroCore Inc shares for $6.43 each. Upon closing the transaction, the insider’s holdings increased to 38,505 shares, worth approximately $3.86 million.
As published in a research note from BTIG Research on August 14, 2020, ElectroCore Inc [ECOR] has been rated up from a Neutral to a Buy and the price target has been revised to $3.50. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. Earlier on May 30, 2019, Cantor Fitzgerald downgraded its rating. Their new recommendation was “a Neutral” for ECOR stock which previously was a “an Overweight”.
Analyzing ECOR Stock Performance
During the last five days, there has been a surge of approximately 6.69%. Over the course of the year, ElectroCore Inc shares have jumped approximately 159.92%. Shares of the company reached a 52-week high of $17.84 on 12/18/24 and a 52-week low of $5.32 on 04/17/24. A 50-day SMA is recorded $11.29, while a 200-day SMA reached $7.56. Nevertheless, trading volume fell to 0.53 million shares from 55756.0 shares the previous day.
Support And Resistance Levels for ElectroCore Inc (ECOR)
According to the 24-hour chart, there is a support level at 14.13, which, if violated, would cause prices to drop to 12.78. In the upper region, resistance lies at 17.33. The next price resistance is at 19.19. RSI (Relative Strength Index) is 67.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 32.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
