McEwen Mining Inc’s recently made public that its General Counsel/Corp Sec Diges Carmen L unloaded Company’s shares for reported $0.16 million on Jun 21 ’24. In the deal valued at $9.44 per share,17,066 shares were sold. As a result of this transaction, Diges Carmen L now holds 10,982 shares worth roughly $0.11 million.
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Then, Spears Stephan Michael sold 2,503 shares, generating $24,529 in total proceeds. Upon selling the shares at $9.80, the VP Corporate Development now owns 751 shares.
Before that, Ing Perry sold 23,332 shares. McEwen Mining Inc shares valued at $227,720 were divested by the Chief Financial Officer at a price of $9.76 per share. As a result of the transaction, Ing Perry now holds 15,551 shares, worth roughly $0.15 million.
A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. ROTH Capital began covering MUX with “Buy” recommendation on December 11, 2017.
Price Performance Review of MUX
On Monday, McEwen Mining Inc [NYSE:MUX] saw its stock jump 4.50% to $9.75. Over the last five days, the stock has gained 4.84%. McEwen Mining Inc shares have risen nearly 35.23% since the year began. Nevertheless, the stocks have risen 60.10% over the past one year. While a 52-week high of $12.50 was reached on 04/26/24, a 52-week low of $5.92 was recorded on 02/28/24. SMA at 50 days reached $9.07, while 200 days put it at $9.12.
Levels Of Support And Resistance For MUX Stock
The 24-hour chart illustrates a support level at 9.34, which if violated will result in even more drops to 8.93. On the upside, there is a resistance level at 10.06. A further resistance level may holdings at 10.37. The Relative Strength Index (RSI) on the 14-day chart is 56.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.78%. Stochastics %K at 39.19% indicates the stock is a holding.
How much short interest is there in McEwen Mining Inc?
A steep rise in short interest was recorded in McEwen Mining Inc stocks on 2024-09-13, dropping by 83615.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.51 million shares. There was a decline of -5.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 20, 2015 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $1.25 price target.
