Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GMS Inc shares valued at $1,931,400 were sold by Apolinsky Craig D on Mar 27 ’24. At $96.57 per share, Apolinsky Craig D sold 20,000 shares. The insider’s holdings dropped to 10,360 shares worth approximately $0.82 million following the completion of this transaction.
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Also, Hendren George T sold 10,554 shares, netting a total of over 1,018,355 in proceeds. Following the sale of shares at $96.49 each, the insider now holds 23,261 shares.
Before that, Turner John C JR had sold 6,266 shares from its account. In a trade valued at $611,436, the President and CEO traded GMS Inc shares for $97.58 each. Upon closing the transaction, the insider’s holdings decreased to 6,266 shares, worth approximately $3.82 million.
As published in their initiating research note from DA Davidson on August 23, 2023, GMS Inc [GMS] has been a Buy and the price target has been revised to $82. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of September 07, 2022, Truist has decreased its “Buy” rating to a “Hold” for GMS. Earlier on June 22, 2022, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for GMS stock which previously was a “an Outperform”.
Analyzing GMS Stock Performance
During the last five days, there has been a drop of approximately -11.65%. Over the course of the year, GMS Inc shares have dropped approximately -3.65%. Shares of the company reached a 52-week high of $101.04 on 04/08/24 and a 52-week low of $77.01 on 01/05/24. A 50-day SMA is recorded $91.55, while a 200-day SMA reached $80.82. Nevertheless, trading volume fell to 0.56 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for GMS Inc (GMS)
According to the 24-hour chart, there is a support level at 78.82, which, if violated, would cause prices to drop to 78.23. In the upper region, resistance lies at 80.06. The next price resistance is at 80.71. RSI (Relative Strength Index) is 26.09 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.11, which suggests the price will decrease in the coming days. Percent R is at 87.57%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
