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Buying Buzz: Gatos Silver Inc [GATO] Gen. Counsel & CCO Bodley Stephen D acquires 10,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gatos Silver Inc shares valued at $56,500 were purchased by Bodley Stephen D on Feb 23 ’24. At $5.65 per share, Bodley Stephen D acquired 10,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.21 million following the completion of this transaction.

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Also, Andres Dale purchased 10,000 shares, netting a total of over 55,500 in proceeds. Following the buying of shares at $5.55 each, the insider now holds 554,479 shares.

Before that, Scott Anthony Michael had added 2,720 shares to its account. In a trade valued at $15,232, the SVP, Corp Dev & Tech. Services bought Gatos Silver Inc shares for $5.60 each. Upon closing the transaction, the insider’s holdings increased to 2,720 shares, worth approximately $1.95 million.

As published in a research note from CIBC on May 22, 2024, Gatos Silver Inc [GATO] has been rated up from a Neutral to a Sector outperform. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late April. Earlier on October 24, 2023, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for GATO stock which previously was a “a Buy”.

Analyzing GATO Stock Performance

During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Gatos Silver Inc shares have jumped approximately 63.15%. Shares of the company reached a 52-week high of $13.30 on 05/28/24 and a 52-week low of $5.42 on 02/22/24. A 50-day SMA is recorded $10.93, while a 200-day SMA reached $7.54. Nevertheless, trading volume fell to 0.37 million shares from 0.32 million shares the previous day.

Support And Resistance Levels for Gatos Silver Inc (GATO)

According to the 24-hour chart, there is a support level at 10.46, which, if violated, would cause prices to drop to 10.17. In the upper region, resistance lies at 11.07. The next price resistance is at 11.39. RSI (Relative Strength Index) is 47.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 48.87%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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