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Recent Insider Activity Could Benefit McEwen Mining Inc (MUX)

McEwen Mining Inc’s filing revealed that its General Counsel/Corp Sec Diges Carmen L unloaded Company’s shares for reported $0.16 million on Jun 21 ’24. In the deal valued at $9.44 per share,17,066 shares were sold. As a result of this transaction, Diges Carmen L now holds 10,982 shares worth roughly $0.11 million.

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Then, Ing Perry sold 23,332 shares, generating $227,720 in total proceeds. Upon selling the shares at $9.76, the Chief Financial Officer now owns 15,551 shares.

Before that, Spears Stephan Michael sold 2,503 shares. McEwen Mining Inc shares valued at $24,529 were divested by the VP Corporate Development at a price of $9.80 per share. As a result of the transaction, Spears Stephan Michael now holds 751 shares, worth roughly $7592.61.

A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. ROTH Capital began covering MUX with “Buy” recommendation on December 11, 2017.

Price Performance Review of MUX

On Friday, McEwen Mining Inc [NYSE:MUX] saw its stock jump 4.01% to $10.11. Over the last five days, the stock has gained 10.61%. McEwen Mining Inc shares have risen nearly 40.22% since the year began. Nevertheless, the stocks have risen 45.47% over the past one year. While a 52-week high of $12.50 was reached on 04/26/24, a 52-week low of $5.92 was recorded on 02/28/24. SMA at 50 days reached $10.81, while 200 days put it at $8.43. A total of 0.66 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For MUX Stock

The 24-hour chart illustrates a support level at 9.84, which if violated will result in even more drops to 9.57. On the upside, there is a resistance level at 10.29. A further resistance level may holdings at 10.47. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.95%. Stochastics%K at 59.96% indicates the stock is a holding.

The most recent change occurred on April 20, 2015 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $1.25 price target.

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