Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Granite Construction Inc. shares valued at $45,908 were sold by Williams Bradley Jay on May 07 ’24. At $61.21 per share, Williams Bradley Jay sold 750 shares. The insider’s holdings dropped to 7,423 shares worth approximately $0.51 million following the completion of this transaction.
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Also, CALDERA LOUIS E sold 1,263 shares, netting a total of over 63,150 in proceeds. Following the sale of shares at $50.00 each, the insider now holds 8,528 shares.
As published in a research note from DA Davidson on April 15, 2021, Granite Construction Inc. [GVA] has been rated up from a Neutral to a Buy and the price target has been revised to $55 from $35. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid January. As of October 28, 2019, DA Davidson has decreased its “Buy” rating to a “Neutral” for GVA. Earlier on August 08, 2019, Goldman downgraded its rating. Their new recommendation was “a Neutral” for GVA stock which previously was a “a Buy”.
Analyzing GVA Stock Performance
During the last five days, there has been a surge of approximately 3.96%. Over the course of the year, Granite Construction Inc. shares have jumped approximately 34.60%. Shares of the company reached a 52-week high of $69.66 on 07/31/24 and a 52-week low of $43.92 on 02/05/24. A 50-day SMA is recorded $62.79, while a 200-day SMA reached $52.96. Nevertheless, trading volume fell to 0.77 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Granite Construction Inc. (GVA)
According to the 24-hour chart, there is a support level at 67.57, which, if violated, would cause prices to drop to 66.69. In the upper region, resistance lies at 69.50. The next price resistance is at 70.55. RSI (Relative Strength Index) is 64.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.94, which suggests the price will increase in the coming days. Percent R is at 17.42%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
