Encore Capital Group, Inc’s recent filing unveils that its Director OLLE LAURA unloaded Company’s shares for reported $65874.0 on Nov 27 ’24. In the deal valued at $49.16 per share,1,340 shares were sold. As a result of this transaction, OLLE LAURA now holds 32,381 shares worth roughly $1.54 million.
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Then, LAURA N OLLE bought 1,340 shares, generating $65,874 in total proceeds.
Before that, Asch Andrew Eric sold 1,251 shares. Encore Capital Group, Inc shares valued at $62,550 were divested by the SVP, General Counsel at a price of $50.00 per share. As a result of the transaction, Asch Andrew Eric now holds 18,075 shares, worth roughly $0.86 million.
Northland Capital upgraded its Encore Capital Group, Inc [ECPG] rating to an Outperform from a a Market perform in a research note published on October 17, 2024; the price target was increased to $58 from $55. A number of analysts have revised their coverage, including Janney’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Northland Capital also remained covering ECPG and has decreased its forecast on February 14, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Oppenheimer revised its rating on January 15, 2019. It rated ECPG as “an Outperform” which previously was an “a Perform”.
Price Performance Review of ECPG
On Tuesday, Encore Capital Group, Inc [NASDAQ:ECPG] saw its stock jump 1.63% to $47.52. Over the last five days, the stock has lost -3.10%. Encore Capital Group, Inc shares have fallen nearly -6.36% since the year began. Nevertheless, the stocks have fallen -5.62% over the past one year. While a 52-week high of $54.55 was reached on 02/16/24, a 52-week low of $39.64 was recorded on 06/26/24. SMA at 50 days reached $47.93, while 200 days put it at $46.01.
Levels Of Support And Resistance For ECPG Stock
The 24-hour chart illustrates a support level at 46.58, which if violated will result in even more drops to 45.63. On the upside, there is a resistance level at 48.03. A further resistance level may holdings at 48.53. The Relative Strength Index (RSI) on the 14-day chart is 44.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.27%. Stochastics %K at 17.35% indicates the stock is a buying.
How much short interest is there in Encore Capital Group, Inc?
A steep rise in short interest was recorded in Encore Capital Group, Inc stocks on 2024-11-29, dropping by -0.64 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.1 million shares. There was a decline of -43.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2019 when Buckingham Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.
