Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. McEwen Mining Inc shares valued at $161,103 were sold by Diges Carmen L on Jun 21 ’24. At $9.44 per share, Diges Carmen L sold 17,066 shares. The insider’s holdings dropped to 10,982 shares worth approximately $0.11 million following the completion of this transaction.
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
Also, Spears Stephan Michael sold 2,503 shares, netting a total of over 24,529 in proceeds. Following the sale of shares at $9.80 each, the insider now holds 751 shares.
Before that, Ing Perry had sold 23,332 shares from its account. In a trade valued at $227,720, the Chief Financial Officer traded McEwen Mining Inc shares for $9.76 each. Upon closing the transaction, the insider’s holdings decreased to 23,332 shares, worth approximately $0.15 million.
Analysts at B. Riley FBR started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of December 11, 2017, ROTH Capital has initiated its “Buy” rating for MUX.
Analyzing MUX Stock Performance
During the last five days, there has been a surge of approximately 6.24%. Over the course of the year, McEwen Mining Inc shares have jumped approximately 36.89%. Shares of the company reached a 52-week high of $12.50 on 04/26/24 and a 52-week low of $5.92 on 02/28/24. A 50-day SMA is recorded $9.11, while a 200-day SMA reached $9.15. Nevertheless, trading volume fell to 0.77 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for McEwen Mining Inc (MUX)
According to the 24-hour chart, there is a support level at 9.65, which, if violated, would cause prices to drop to 9.43. In the upper region, resistance lies at 10.08. The next price resistance is at 10.29. RSI (Relative Strength Index) is 58.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 35.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of McEwen Mining Inc (MUX)?
On April 20, 2015, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $1.25.
