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. Emcor Group, Inc shares valued at $482,027 were sold by Walker-Lee Robin A on Jul 29 ’24. At $370.79 per share, Walker-Lee Robin A sold 1,300 shares. The insider’s holdings dropped to 8,637 shares worth approximately $4.01 million following the completion of this transaction.
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Also, Robin A. Walker-Lee Living Tru purchased 1,300 shares, netting a total of over 481,501 in proceeds.
Before that, Lowe Carol P had sold 1,245 shares from its account. In a trade valued at $465,916, the Director traded Emcor Group, Inc shares for $374.23 each. Upon closing the transaction, the insider’s holdings decreased to 1,245 shares, worth approximately $7.81 million.
As published in their initiating research note from Northcoast on November 22, 2024, Emcor Group, Inc [EME] has been a Buy and the price target has been revised to $600. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in late November. As of November 15, 2024, Stifel has initiated its “Buy” rating for EME. Earlier on January 10, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for EME stock.
Analyzing EME Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Emcor Group, Inc shares have jumped approximately 115.58%. Shares of the company reached a 52-week high of $532.38 on 11/21/24 and a 52-week low of $209.31 on 01/03/24. A 50-day SMA is recorded $479.63, while a 200-day SMA reached $398.36. Nevertheless, trading volume fell to 0.56 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Emcor Group, Inc (EME)
According to the 24-hour chart, there is a support level at 457.48, which, if violated, would cause prices to drop to 450.53. In the upper region, resistance lies at 478.14. The next price resistance is at 491.85. RSI (Relative Strength Index) is 37.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.23, which suggests the price will decrease in the coming days. Percent R is at 99.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
