In a filing, Embecta Corp revealed its Director Melcher David F acquired Company’s shares for reported $0.18 million on Feb 25 ’25. In the deal valued at $13.67 per share,13,000 shares were bought. As a result of this transaction, Melcher David F now holds 76,681 shares worth roughly $0.98 million.
Then, Morris Milton Mayo sold 3,100 shares, generating $50,783 in total proceeds. Upon selling the shares at $16.38, the Director now owns 36,133 shares.
Before that, Morris Milton Mayo bought 3,100 shares. Embecta Corp shares valued at $50,778 were divested by the Director at a price of $16.38 per share.
Morgan Stanley upgraded its Embecta Corp [EMBC] rating to an Equal-weight from a an Underweight in a research note published on December 02, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Wolfe Research began covering EMBC with “Peer perform” recommendation on October 20, 2023. Morgan Stanley revised its rating on January 06, 2023. It rated EMBC as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of EMBC
On Monday, Embecta Corp [NASDAQ:EMBC] saw its stock jump 3.83% to $12.75. Over the last five days, the stock has lost -0.86%. Embecta Corp shares have fallen nearly -38.26% since the year began. Nevertheless, the stocks have fallen -1.16% over the past one year. While a 52-week high of $21.48 was reached on 01/06/25, a 52-week low of $9.93 was recorded on 03/31/25. SMA at 50 days reached $15.22, while 200 days put it at $15.45.
Levels Of Support And Resistance For EMBC Stock
The 24-hour chart illustrates a support level at 12.14, which if violated will result in even more drops to 11.53. On the upside, there is a resistance level at 13.12. A further resistance level may holdings at 13.49. The Relative Strength Index (RSI) on the 14-day chart is 39.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.31%. Stochastics %K at 16.43% indicates the stock is a buying.
How much short interest is there in Embecta Corp?
A steep rise in short interest was recorded in Embecta Corp stocks on 2025-03-14, growing by 0.2 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.65 million shares. There was a rise of 10.84%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 08, 2022 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating .
