Hudbay Minerals Inc.’s recently made public that its Officer Del Rio Francisco Javier acquired Company’s shares for reported $0.43 million on Sep 27 ’24. In the deal valued at $9.06 per share,47,568 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Jefferies upgraded its Hudbay Minerals Inc. [HBM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early May with a ‘”a Hold”‘ rating. BofA Securities also remained covering HBM and has increased its forecast on April 09, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of HBM
On Tuesday, Hudbay Minerals Inc. [NYSE:HBM] saw its stock fall -4.77% to $8.99. Over the last five days, the stock has lost -3.75%. Hudbay Minerals Inc. shares have risen nearly 62.86% since the year began. Nevertheless, the stocks have risen 91.68% over the past one year. While a 52-week high of $10.49 was reached on 05/21/24, a 52-week low of $3.94 was recorded on 02/13/24. SMA at 50 days reached $7.93, while 200 days put it at $7.54.
Levels Of Support And Resistance For HBM Stock
The 24-hour chart illustrates a support level at 8.81, which if violated will result in even more drops to 8.64. On the upside, there is a resistance level at 9.15. A further resistance level may holdings at 9.32. The Relative Strength Index (RSI) on the 14-day chart is 58.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.77%. Stochastics %K at 80.43% indicates the stock is a selling.
How much short interest is there in Hudbay Minerals Inc.?
A steep rise in short interest was recorded in Hudbay Minerals Inc. stocks on 2024-09-13, growing by 90147.0 shares to a total of 5.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.6 million shares. There was a rise of 1.58%, which implies that there is a positive sentiment for the stock.
