Ivanhoe Electric Inc’s filing revealed that its Chief Geophysics Officer Gibson Mark Andrew Stuart unloaded Company’s shares for reported $0.3 million on May 20 ’24. In the deal valued at $12.16 per share,25,000 shares were sold. As a result of this transaction, Gibson Mark Andrew Stuart now holds 260,272 shares worth roughly $1.88 million.
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Then, Gibson Mark Andrew Stuart sold 28,344 shares, generating $352,883 in total proceeds. Upon selling the shares at $12.45, the Chief Operating Officer now owns 301,928 shares.
Before that, Gibson Mark Andrew Stuart sold 11,656 shares. Ivanhoe Electric Inc shares valued at $142,436 were divested by the Chief Operating Officer at a price of $12.22 per share. As a result of the transaction, Gibson Mark Andrew Stuart now holds 290,272 shares, worth roughly $2.1 million.
JP Morgan initiated its Ivanhoe Electric Inc [IE] rating to an Overweight in a research note published on October 17, 2023; the price target was $18. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late December with a ‘”a Sector perform”‘ rating. Raymond James began covering IE with “an Outperform” recommendation on September 28, 2022. JP Morgan started covering the stock on August 18, 2022. It rated IE as “a Neutral”.
Price Performance Review of IE
On Tuesday, Ivanhoe Electric Inc [AMEX:IE] saw its stock jump 0.98% to $7.22. Over the last five days, the stock has gained 3.44%. Ivanhoe Electric Inc shares have fallen nearly -28.37% since the year began. Nevertheless, the stocks have fallen -49.62% over the past one year. While a 52-week high of $16.54 was reached on 05/15/24, a 52-week low of $6.79 was recorded on 08/20/24. SMA at 50 days reached $9.07, while 200 days put it at $9.65.
Levels Of Support And Resistance For IE Stock
The 24-hour chart illustrates a support level at 7.09, which if violated will result in even more drops to 6.97. On the upside, there is a resistance level at 7.31. A further resistance level may holdings at 7.41. The Relative Strength Index (RSI) on the 14-day chart is 38.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.91%. Stochastics%K at 44.44% indicates the stock is a holding.
How much short interest is there in Ivanhoe Electric Inc?
A steep rise in short interest was recorded in Ivanhoe Electric Inc stocks on 2024-07-31, growing by 0.96 million shares to a total of 7.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.06 million shares. There was a rise of 13.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 25, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13.50 price target.
