Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gatos Silver Inc shares valued at $56,500 were purchased by Bodley Stephen D on Feb 23 ’24. At $5.65 per share, Bodley Stephen D acquired 10,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.19 million following the completion of this transaction.
Also, Andres Dale purchased 10,000 shares, netting a total of over 55,500 in proceeds. Following the buying of shares at $5.55 each, the insider now holds 554,479 shares.
Before that, Scott Anthony Michael had added 2,720 shares to its account. In a trade valued at $15,232, the SVP, Corp Dev & Tech. Services bought Gatos Silver Inc shares for $5.60 each. Upon closing the transaction, the insider’s holdings increased to 2,720 shares, worth approximately $1.77 million.
Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of September 07, 2023, Canaccord Genuity has increased its “Hold” rating to a “Buy” for GATO. Earlier on April 08, 2022, RBC Capital Mkts upgraded its rating. Their new recommendation was “a Sector perform” for GATO stock which previously was a “an Underperform”.
Analyzing GATO Stock Performance
During the last five days, there has been a surge of approximately 1.37%. Over the course of the year, Gatos Silver Inc shares have jumped approximately 47.40%. Shares of the company reached a 52-week high of $9.79 on 04/09/24 and a 52-week low of $5.42 on 02/22/24. A 50-day SMA is recorded $7.26, while a 200-day SMA reached $5.75. Nevertheless, trading volume fell to 0.61 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Gatos Silver Inc (GATO)
According to the 24-hour chart, there is a support level at 8.96, which, if violated, would cause prices to drop to 8.28. In the upper region, resistance lies at 10.05. The next price resistance is at 10.46. RSI (Relative Strength Index) is 72.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 7.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Gatos Silver Inc subject to short interest?
Stocks of Gatos Silver Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 37570.0 shares to 0.7 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.74 million shares. A decline of -5.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.11 of the overall float, the days-to-cover ratio (short ratio) decline to 2.11.
