Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ceco Environmental Corp shares valued at $287,722 were purchased by WALLMAN RICHARD F on Aug 30 ’24. At $28.77 per share, WALLMAN RICHARD F acquired 10,000 shares. The insider’s holdings grew to 62,000 shares worth approximately $1.97 million following the completion of this transaction.
Also, WALLMAN RICHARD F purchased 4,000 shares, netting a total of over 98,000 in proceeds. Following the buying of shares at $24.50 each, the insider now holds 205,319 shares.
Before that, WALLMAN RICHARD F had added 5,000 shares to its account. In a trade valued at $109,749, the Director bought Ceco Environmental Corp shares for $21.95 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $6.1 million.
As published in a research note from Needham on July 16, 2024, Ceco Environmental Corp [CECO] has been retained to a Buy and the price target has been revised to $34. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid January.
Analyzing CECO Stock Performance
During the last five days, there has been a surge of approximately 5.09%. Over the course of the year, Ceco Environmental Corp shares have jumped approximately 5.09%. Shares of the company reached a 52-week high of $33.42 on 01/06/25 and a 52-week low of $30.06 on 01/02/25. A 50-day SMA is recorded $29.35, while a 200-day SMA reached $26.99. Nevertheless, trading volume fell to 0.18 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Ceco Environmental Corp (CECO)
According to the 24-hour chart, there is a support level at 31.25, which, if violated, would cause prices to drop to 30.73. In the upper region, resistance lies at 32.09. The next price resistance is at 32.41. RSI (Relative Strength Index) is 56.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 31.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
