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The Potential Rise in the Price of GMS Inc (GMS) following insiders activity

GMS Inc’s recently made public that its SVP, General Counsel Apolinsky Craig D unloaded Company’s shares for reported $1.93 million on Mar 27 ’24. In the deal valued at $96.57 per share,20,000 shares were sold. As a result of this transaction, Apolinsky Craig D now holds 10,360 shares worth roughly $0.82 million.

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Then, Hendren George T sold 10,554 shares, generating $1,018,355 in total proceeds. Upon selling the shares at $96.49, the SVP, Chief Operating Officer now owns 23,261 shares.

Before that, Turner John C JR sold 6,266 shares. GMS Inc shares valued at $611,436 were divested by the President and CEO at a price of $97.58 per share. As a result of the transaction, Turner John C JR now holds 48,074 shares, worth roughly $3.78 million.

DA Davidson initiated its GMS Inc [GMS] rating to a Buy in a research note published on August 23, 2023; the price target was $82. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Truist also remained covering GMS and has decreased its forecast on September 07, 2022 with a “Hold” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on June 22, 2022. It rated GMS as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of GMS

On Tuesday, GMS Inc [NYSE:GMS] saw its stock fall -1.39% to $78.71. Over the last five days, the stock has gained 0.69%. GMS Inc shares have fallen nearly -4.51% since the year began. Nevertheless, the stocks have risen 15.51% over the past one year. While a 52-week high of $101.04 was reached on 04/08/24, a 52-week low of $56.58 was recorded on 01/05/24. SMA at 50 days reached $89.63, while 200 days put it at $81.43. A total of 0.26 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For GMS Stock

The 24-hour chart illustrates a support level at 78.21, which if violated will result in even more drops to 77.71. On the upside, there is a resistance level at 79.63. A further resistance level may holdings at 80.54. The Relative Strength Index (RSI) on the 14-day chart is 32.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.97%. Stochastics%K at 15.45% indicates the stock is a buying.

The most recent change occurred on March 18, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $62 price target.

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