GSK Plc ADR’s filing revealed that its 10% Owner GSK plc acquired Company’s shares for reported $22.34 million on Sep 27 ’24. In the deal valued at $8.00 per share,2,791,930 shares were bought. As a result of this transaction, GSK plc now holds 16,775,691 shares worth roughly $653.58 million.
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Then, GSK plc bought 3,300,000 shares, generating $16,500,000 in total proceeds. Upon buying the shares at $5.00, the 10% Owner now owns 13,983,761 shares.
UBS downgraded its GSK Plc ADR [GSK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Guggenheim also remained covering GSK and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on February 13, 2024. It rated GSK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GSK
On Tuesday, GSK Plc ADR [NYSE:GSK] saw its stock fall -0.43% to $38.96. Over the last five days, the stock has gained 2.47%. GSK Plc ADR shares have risen nearly 5.13% since the year began. Nevertheless, the stocks have risen 6.22% over the past one year. While a 52-week high of $45.92 was reached on 05/15/24, a 52-week low of $33.67 was recorded on 01/02/24. SMA at 50 days reached $41.40, while 200 days put it at $41.25.
Levels Of Support And Resistance For GSK Stock
The 24-hour chart illustrates a support level at 38.72, which if violated will result in even more drops to 38.48. On the upside, there is a resistance level at 39.30. A further resistance level may holdings at 39.64. The Relative Strength Index (RSI) on the 14-day chart is 40.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.00%. Stochastics %K at 29.33% indicates the stock is a holding.
How much short interest is there in GSK Plc ADR?
A steep rise in short interest was recorded in GSK Plc ADR stocks on 2024-09-30, dropping by -0.55 million shares to a total of 10.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.91 million shares. There was a decline of -5.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 23, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $44 price target.
