ESAB Corp’s filing revealed that its Director Jordan Rhonda L unloaded Company’s shares for reported $0.53 million on Oct 30 ’24. In the deal valued at $125.03 per share,4,254 shares were sold. As a result of this transaction, Jordan Rhonda L now holds 0 shares worth roughly $0.0.
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Then, Johnson Kevin J sold 5,044 shares, generating $630,500 in total proceeds. Upon selling the shares at $125.00, the Chief Financial Officer now owns 11,433 shares.
Before that, Kambeyanda Shyam sold 59,120 shares. ESAB Corp shares valued at $7,269,425 were divested by the President and CEO at a price of $122.96 per share. As a result of the transaction, Kambeyanda Shyam now holds 53,902 shares, worth roughly $6.59 million.
Jefferies initiated its ESAB Corp [ESAB] rating to a Buy in a research note published on December 12, 2024; the price target was $160. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Evercore ISI also remained covering ESAB and has decreased its forecast on November 13, 2024 with a “an Underperform” recommendation from previously “an In-line” rating. Oppenheimer started covering the stock on June 20, 2024. It rated ESAB as “an Outperform”.
Price Performance Review of ESAB
On Tuesday, ESAB Corp [NYSE:ESAB] saw its stock jump 1.11% to $122.35. Over the last five days, the stock has lost -5.53%. ESAB Corp shares have risen nearly 41.25% since the year began. Nevertheless, the stocks have risen 40.62% over the past one year. While a 52-week high of $135.97 was reached on 11/06/24, a 52-week low of $82.44 was recorded on 01/03/24. SMA at 50 days reached $124.03, while 200 days put it at $107.42.
Levels Of Support And Resistance For ESAB Stock
The 24-hour chart illustrates a support level at 121.18, which if violated will result in even more drops to 120.02. On the upside, there is a resistance level at 123.05. A further resistance level may holdings at 123.76. The Relative Strength Index (RSI) on the 14-day chart is 42.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.94%. Stochastics %K at 13.92% indicates the stock is a buying.
How much short interest is there in ESAB Corp?
A steep rise in short interest was recorded in ESAB Corp stocks on 2024-11-29, dropping by -0.36 million shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.01 million shares. There was a decline of -54.96%, which implies that there is a negative sentiment for the stock.
