In a filing, Ecolab, Inc revealed its 10% Owner GATES WILLIAM H III unloaded Company’s shares for reported $25.7 million on Nov 20 ’24. In the deal valued at $241.21 per share,106,542 shares were sold. As a result of this transaction, GATES WILLIAM H III now holds 29,348,741 shares worth roughly $7.02 billion.
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Then, GATES WILLIAM H III sold 100,000 shares, generating $24,278,914 in total proceeds. Upon selling the shares at $242.79, the 10% Owner now owns 29,248,741 shares.
Before that, GATES WILLIAM H III sold 70,000 shares. Ecolab, Inc shares valued at $17,216,728 were divested by the 10% Owner at a price of $245.95 per share. As a result of the transaction, GATES WILLIAM H III now holds 29,178,741 shares, worth roughly $6.98 billion.
BMO Capital Markets upgraded its Ecolab, Inc [ECL] rating to an Outperform from a a Market perform in a research note published on December 17, 2024; the price target was increased to $290 from $279. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Jefferies also remained covering ECL and has increased its forecast on October 18, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo started covering the stock on August 13, 2024. It rated ECL as “an Overweight”.
Price Performance Review of ECL
On Monday, Ecolab, Inc [NYSE:ECL] saw its stock jump 0.34% to $239.09. Over the last five days, the stock has lost -3.75%. Ecolab, Inc shares have risen nearly 20.54% since the year began. Nevertheless, the stocks have risen 21.42% over the past one year. While a 52-week high of $262.61 was reached on 10/18/24, a 52-week low of $193.46 was recorded on 01/08/24. SMA at 50 days reached $248.95, while 200 days put it at $240.61.
Levels Of Support And Resistance For ECL Stock
The 24-hour chart illustrates a support level at 237.27, which if violated will result in even more drops to 235.46. On the upside, there is a resistance level at 240.07. A further resistance level may holdings at 241.05. The Relative Strength Index (RSI) on the 14-day chart is 38.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.38%. Stochastics %K at 13.86% indicates the stock is a buying.
How much short interest is there in Ecolab, Inc?
A steep rise in short interest was recorded in Ecolab, Inc stocks on 2024-11-29, growing by 0.24 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.76 million shares. There was a rise of 11.89%, which implies that there is a positive sentiment for the stock.
