The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coeur Mining Inc shares valued at $20,020 were purchased by McGrath Aoife on Mar 15 ’24. At $3.23 per share, McGrath Aoife acquired 6,200 shares. The insider’s holdings grew to 207,308 shares worth approximately $0.94 million following the completion of this transaction.
Also, Watkinson Kenneth J sold 7,000 shares, netting a total of over 19,684 in proceeds. Following the sale of shares at $2.81 each, the insider now holds 134,051 shares.
Before that, McGrath Aoife had added 6,200 shares to its account. In a trade valued at $14,558, the SVP, Exploration bought Coeur Mining Inc shares for $2.35 each. Upon closing the transaction, the insider’s holdings increased to 6,200 shares, worth approximately $0.59 million.
As published in their initiating research note from ROTH MKM on April 09, 2024, Coeur Mining Inc [CDE] has been a Buy and the price target has been revised to $5.40. As of September 22, 2023, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for CDE. Earlier on July 24, 2023, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for CDE stock which previously was a “a Hold”.
Analyzing CDE Stock Performance
During the last five days, there has been a surge of approximately 2.71%. Over the course of the year, Coeur Mining Inc shares have jumped approximately 39.57%. Shares of the company reached a 52-week high of $5.47 on 04/12/24 and a 52-week low of $2.42 on 02/28/24. A 50-day SMA is recorded $3.55, while a 200-day SMA reached $2.90. Nevertheless, trading volume fell to 5.56 million shares from 7.83 million shares the previous day.
Support And Resistance Levels for Coeur Mining Inc (CDE)
According to the 24-hour chart, there is a support level at 4.49, which, if violated, would cause prices to drop to 4.42. In the upper region, resistance lies at 4.64. The next price resistance is at 4.72. RSI (Relative Strength Index) is 59.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 63.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
