In a filing, Newmont Corp revealed its EVP & COO Atkinson Robert D unloaded Company’s shares for reported $0.23 million on Jan 02 ’24. In the deal valued at $41.26 per share,5,500 shares were sold. As a result of this transaction, Atkinson Robert D now holds 54,251 shares worth roughly $2.27 million.
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Then, Atkinson Robert D sold 5,500 shares, generating $221,375 in total proceeds. Upon selling the shares at $40.25, the EVP & COO now owns 59,751 shares.
Before that, Palmer Thomas Ronald sold 11,000 shares. Newmont Corp shares valued at $413,600 were divested by the President & CEO at a price of $37.60 per share. As a result of the transaction, Palmer Thomas Ronald now holds 234,039 shares, worth roughly $9.81 million.
UBS upgraded its Newmont Corp [NEM] rating to a Buy from a a Neutral in a research note published on June 17, 2024; the price target was increased to $50 from $40. Argus also remained covering NEM and has decreased its forecast on February 26, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Securities revised its rating on January 09, 2024. It rated NEM as “a Hold” which previously was an “a Buy”.
Price Performance Review of NEM
On Tuesday, Newmont Corp [NYSE:NEM] saw its stock fall -1.64% to $41.90. Over the last five days, the stock has gained 2.42%. Newmont Corp shares have risen nearly 1.23% since the year began. Nevertheless, the stocks have risen 0.77% over the past one year. While a 52-week high of $45.92 was reached on 05/20/24, a 52-week low of $29.42 was recorded on 02/28/24. SMA at 50 days reached $41.34, while 200 days put it at $38.08. A total of 6.27 million shares were traded, compared to the trading of 7.21 million shares in the previous session.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 41.65, which if violated will result in even more drops to 41.39. On the upside, there is a resistance level at 42.36. A further resistance level may holdings at 42.81. The Relative Strength Index (RSI) on the 14-day chart is 51.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.23%. Stochastics %K at 71.84% indicates the stock is a holding.
The most recent change occurred on November 21, 2023 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $45 price target.
