Ceco Environmental Corp’s recent filing unveils that its Director WALLMAN RICHARD F acquired Company’s shares for reported $0.29 million on Aug 30 ’24. In the deal valued at $28.77 per share,10,000 shares were bought. As a result of this transaction, WALLMAN RICHARD F now holds 62,000 shares worth roughly $1.82 million.
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Then, WALLMAN RICHARD F bought 4,000 shares, generating $98,000 in total proceeds. Upon buying the shares at $24.50, the Director now owns 205,319 shares.
Before that, WALLMAN RICHARD F bought 5,000 shares. Ceco Environmental Corp shares valued at $109,749 were divested by the Director at a price of $21.95 per share. As a result of the transaction, WALLMAN RICHARD F now holds 191,853 shares, worth roughly $5.62 million.
Needham reiterated its Ceco Environmental Corp [CECO] rating to a Buy in a research note published on July 16, 2024; the price target was $34. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating.
Price Performance Review of CECO
On Tuesday, Ceco Environmental Corp [NASDAQ:CECO] saw its stock jump 1.95% to $29.31. Over the last five days, the stock has lost -10.74%. Ceco Environmental Corp shares have risen nearly 37.33% since the year began. Nevertheless, the stocks have risen 32.56% over the past one year. While a 52-week high of $35.16 was reached on 12/11/24, a 52-week low of $18.50 was recorded on 03/05/24. SMA at 50 days reached $28.56, while 200 days put it at $26.59.
Levels Of Support And Resistance For CECO Stock
The 24-hour chart illustrates a support level at 28.78, which if violated will result in even more drops to 28.24. On the upside, there is a resistance level at 29.59. A further resistance level may holdings at 29.86. The Relative Strength Index (RSI) on the 14-day chart is 36.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.93%. Stochastics %K at 11.46% indicates the stock is a buying.
How much short interest is there in Ceco Environmental Corp?
A steep rise in short interest was recorded in Ceco Environmental Corp stocks on 2024-11-29, growing by 99758.0 shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.83 million shares. There was a rise of 5.16%, which implies that there is a positive sentiment for the stock.
