KD Logo

Recent Insider Activity Could Benefit SSR Mining Inc (SSRM)

SSR Mining Inc’s recently made public that its EVP, Growth and Innovation Ebbett John unloaded Company’s shares for reported $9384.0 on Mar 07 ’24. In the deal valued at $4.52 per share,2,076 shares were sold. As a result of this transaction, Ebbett John now holds 30,205 shares worth roughly $0.16 million.

Then, Anglin Arthur Michael bought 8,000 shares, generating $129,840 in total proceeds. Upon buying the shares at $16.23, the Director now owns 52,306 shares.

UBS downgraded its SSR Mining Inc [SSRM] rating to a Neutral from a a Buy in a research note published on February 22, 2024; the price target was decreased to $5 from $17. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid February from “a Sector perform” to “an Underperform”. RBC Capital Mkts also remained covering SSRM and has decreased its forecast on February 15, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. TD Securities revised its rating on February 14, 2024. It rated SSRM as “a Hold” which previously was an “a Buy”.

Price Performance Review of SSRM

On Tuesday, SSR Mining Inc [NASDAQ:SSRM] saw its stock fall -4.80% to $5.36. Over the last five days, the stock has lost -0.09%. SSR Mining Inc shares have fallen nearly -50.19% since the year began. Nevertheless, the stocks have fallen -62.57% over the past one year. While a 52-week high of $17.72 was reached on 01/02/24, a 52-week low of $3.76 was recorded on 02/13/24. SMA at 50 days reached $4.67, while 200 days put it at $10.44. A total of 6.06 million shares were traded, compared to the trading of 2.99 million shares in the previous session.

Levels Of Support And Resistance For SSRM Stock

The 24-hour chart illustrates a support level at 5.28, which if violated will result in even more drops to 5.20. On the upside, there is a resistance level at 5.52. A further resistance level may holdings at 5.69. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.03%. Stochastics %K at 79.74% indicates the stock is a holding.

Most Popular

[the_ad id="945"]