Ecolab (ECL) has risen sharply, recording gains of 1.24% in the past 4 weeks. However, the stock has corrected -0.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.35% and the 50-Day Moving Average is 2.36%. Ecolab (NYSE:ECL): On Fridays trading session , Opening price of the stock was $122.8 with an intraday high of $123.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $122.18. However, the stock managed to close at $122.45, a loss of 0.57% for the day. On the previous day, the stock had closed at $123.15. The total traded volume of the day was 631,576 shares.
The company Insiders own 1.5% of Ecolab shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.82% . Institutional Investors own 75.71% of Ecolab shares. During last six month period, the net percent change held by insiders has seen a change of -23.48%. Also, Stifel Nicolaus downgrades its rating on Ecolab (NYSE:ECL). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 3, 2016.
Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.