In a filing, Gatos Silver Inc revealed its Gen. Counsel & CCO Bodley Stephen D acquired Company’s shares for reported $56500.0 on Feb 23 ’24. In the deal valued at $5.65 per share,10,000 shares were bought. As a result of this transaction, Bodley Stephen D now holds 20,000 shares worth roughly $0.21 million.
Then, Andres Dale bought 10,000 shares, generating $55,500 in total proceeds. Upon buying the shares at $5.55, the Chief Executive Officer now owns 554,479 shares.
Before that, Scott Anthony Michael bought 2,720 shares. Gatos Silver Inc shares valued at $15,232 were divested by the SVP, Corp Dev & Tech. Services at a price of $5.60 per share. As a result of the transaction, Scott Anthony Michael now holds 183,144 shares, worth roughly $1.93 million.
Canaccord Genuity upgraded its Gatos Silver Inc [GATO] rating to a Buy from a a Hold in a research note published on April 23, 2024; the price target was increased to $12.50 from $6.50. Canaccord Genuity also remained covering GATO and has decreased its forecast on October 24, 2023 with a “Hold” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on September 07, 2023. It rated GATO as “a Buy” which previously was an “a Hold”.
Price Performance Review of GATO
On Tuesday, Gatos Silver Inc [NYSE:GATO] saw its stock jump 2.14% to $10.52. Over the last five days, the stock has gained 9.93%. Gatos Silver Inc shares have risen nearly 60.86% since the year began. Nevertheless, the stocks have risen 66.46% over the past one year. While a 52-week high of $10.96 was reached on 04/12/24, a 52-week low of $3.51 was recorded on 02/22/24. SMA at 50 days reached $8.66, while 200 days put it at $6.27. A total of 0.75 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For GATO Stock
The 24-hour chart illustrates a support level at 10.12, which if violated will result in even more drops to 9.73. On the upside, there is a resistance level at 10.89. A further resistance level may holdings at 11.27. The Relative Strength Index (RSI) on the 14-day chart is 67.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.71%. Stochastics %K at 71.76% indicates the stock is a holding.
