Ceco Environmental Corp’s filing revealed 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 $1.52 million.
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 $4.7 million.
H.C. Wainwright downgraded its Ceco Environmental Corp [CECO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. Northland Capital began covering CECO with “an Outperform” recommendation on January 17, 2024.
Price Performance Review of CECO
On Tuesday, Ceco Environmental Corp [NASDAQ:CECO] saw its stock jump 8.21% to $24.51. Over the last five days, the stock has lost -0.93%. Ceco Environmental Corp shares have fallen nearly -18.92% since the year began. Nevertheless, the stocks have risen 20.50% over the past one year. While a 52-week high of $35.16 was reached on 01/06/25, a 52-week low of $18.50 was recorded on 02/24/25. SMA at 50 days reached $29.03, while 200 days put it at $27.69.
Levels Of Support And Resistance For CECO Stock
The 24-hour chart illustrates a support level at 23.18, which if violated will result in even more drops to 21.86. On the upside, there is a resistance level at 25.96. A further resistance level may holdings at 27.42. The Relative Strength Index (RSI) on the 14-day chart is 37.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.88%. Stochastics %K at 10.52% indicates the stock is a buying.
