Golden Entertainment Inc’s recent filing unveils that its President and CFO Protell Charles unloaded Company’s shares for reported $0.35 million on Dec 21 ’23. In the deal valued at $39.83 per share,8,910 shares were sold. As a result of this transaction, Protell Charles now holds 643,919 shares worth roughly $19.85 million.
Then, Protell Charles sold 13,557 shares, generating $561,531 in total proceeds. Upon selling the shares at $41.42, the President and CFO now owns 643,911 shares.
Before that, Protell Charles sold 12,285 shares. Golden Entertainment Inc shares valued at $492,506 were divested by the President and CFO at a price of $40.09 per share. As a result of the transaction, Protell Charles now holds 643,873 shares, worth roughly $19.85 million.
A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Jefferies also remained covering GDEN and has decreased its forecast on January 09, 2023 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of GDEN
On Tuesday, Golden Entertainment Inc [NASDAQ:GDEN] saw its stock fall -1.60% to $30.83. Over the last five days, the stock has lost -3.81%. Golden Entertainment Inc shares have fallen nearly -22.79% since the year began. Nevertheless, the stocks have fallen -19.61% over the past one year. While a 52-week high of $45.19 was reached on 01/24/24, a 52-week low of $30.38 was recorded on 05/07/24. SMA at 50 days reached $34.20, while 200 days put it at $36.44. A total of 0.21 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For GDEN Stock
The 24-hour chart illustrates a support level at 30.65, which if violated will result in even more drops to 30.47. On the upside, there is a resistance level at 31.18. A further resistance level may holdings at 31.53. The Relative Strength Index (RSI) on the 14-day chart is 31.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.77%. Stochastics %K at 3.47% indicates the stock is a buying.
The most recent change occurred on June 28, 2022 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $63 price target.
