GMS Inc’s recent filing unveils that its SVP, General Counsel Apolinsky Craig D unloaded Company’s shares for reported $0.71 million on Jul 16 ’24. In the deal valued at $90.32 per share,7,900 shares were sold. As a result of this transaction, Apolinsky Craig D now holds 10,671 shares worth roughly $0.93 million.
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Then, Apolinsky Craig D sold 20,000 shares, generating $1,931,400 in total proceeds. Upon selling the shares at $96.57, the SVP, General Counsel now owns 10,360 shares.
Before that, Hendren George T sold 10,554 shares. GMS Inc shares valued at $1,018,355 were divested by the SVP, Chief Operating Officer at a price of $96.49 per share. As a result of the transaction, Hendren George T now holds 23,261 shares, worth roughly $2.02 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 Friday, GMS Inc [NYSE:GMS] saw its stock jump 2.11% to $86.79. Over the last five days, the stock has lost -9.00%. GMS Inc shares have risen nearly 5.29% since the year began. Nevertheless, the stocks have risen 17.28% 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 $87.93, while 200 days put it at $87.03.
Levels Of Support And Resistance For GMS Stock
The 24-hour chart illustrates a support level at 85.27, which if violated will result in even more drops to 83.75. On the upside, there is a resistance level at 87.68. A further resistance level may holdings at 88.57. The Relative Strength Index (RSI) on the 14-day chart is 42.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.65%. Stochastics %K at 37.59% indicates the stock is a holding.
How much short interest is there in GMS Inc?
A steep rise in short interest was recorded in GMS Inc stocks on 2024-08-15, dropping by -0.17 million shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.26 million shares. There was a decline of -16.01%, which implies that there is a negative sentiment for the stock.
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.
