Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Embecta Corp shares valued at $177,646 were purchased by Melcher David F on Feb 25 ’25. At $13.67 per share, Melcher David F acquired 13,000 shares. The insider’s holdings grew to 76,681 shares worth approximately $1.04 million following the completion of this transaction.
Also, Morris Milton Mayo sold 3,100 shares, netting a total of over 50,783 in proceeds. Following the sale of shares at $16.38 each, the insider now holds 36,133 shares.
Before that, Morris Milton Mayo had added 3,100 shares to its account. In a trade valued at $50,778, the Director bought Embecta Corp shares for $16.38 each.
As published in a research note from Morgan Stanley on December 02, 2024, Embecta Corp [EMBC] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $20 from $13. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of October 20, 2023, Wolfe Research has initiated its “Peer perform” rating for EMBC. Earlier on January 06, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for EMBC stock which previously was a “an Equal-weight”.
Analyzing EMBC Stock Performance
During the last five days, there has been a surge of approximately 3.92%. Over the course of the year, Embecta Corp shares have dropped approximately -34.58%. Shares of the company reached a 52-week high of $21.23 on 01/06/25 and a 52-week low of $12.15 on 03/04/25. A 50-day SMA is recorded $17.07, while a 200-day SMA reached $15.44.
Support And Resistance Levels for Embecta Corp (EMBC)
According to the 24-hour chart, there is a support level at 13.09, which, if violated, would cause prices to drop to 12.67. In the upper region, resistance lies at 14.14. The next price resistance is at 14.77. RSI (Relative Strength Index) is 38.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 41.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
