Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ecolab, Inc shares valued at $25,699,268 were sold by GATES WILLIAM H III on Nov 20 ’24. At $241.21 per share, GATES WILLIAM H III sold 106,542 shares. The insider’s holdings dropped to 29,348,741 shares worth approximately $7.02 billion following the completion of this transaction.
Also, GATES WILLIAM H III sold 100,000 shares, netting a total of over 24,278,914 in proceeds. Following the sale of shares at $242.79 each, the insider now holds 29,248,741 shares.
Before that, GATES WILLIAM H III had sold 70,000 shares from its account. In a trade valued at $17,216,728, the 10% Owner traded Ecolab, Inc shares for $245.95 each. Upon closing the transaction, the insider’s holdings decreased to 70,000 shares, worth approximately $6.98 billion.
As published in a research note from BMO Capital Markets on December 17, 2024, Ecolab, Inc [ECL] has been rated up from a Market perform to an Outperform and the price target has been revised to $290 from $279. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 18, 2024, Jefferies has increased its “Hold” rating to a “Buy” for ECL. Earlier on August 13, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for ECL stock.
Analyzing ECL Stock Performance
During the last five days, there has been a surge of approximately 1.95%. Over the course of the year, Ecolab, Inc shares have jumped approximately 2.06%. Shares of the company reached a 52-week high of $239.36 on 01/16/25 and a 52-week low of $227.63 on 01/13/25. A 50-day SMA is recorded $242.70, while a 200-day SMA reached $241.15. Nevertheless, trading volume fell to 1.03 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Ecolab, Inc (ECL)
According to the 24-hour chart, there is a support level at 237.37, which, if violated, would cause prices to drop to 235.60. In the upper region, resistance lies at 240.14. The next price resistance is at 241.14. RSI (Relative Strength Index) is 51.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.32, which suggests the price will increase in the coming days. Percent R is at 7.40%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
