Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Spire Inc. shares valued at $32,410 were sold by Gorla Gerard J. on Aug 22 ’24. At $64.82 per share, Gorla Gerard J. sold 500 shares. The insider’s holdings dropped to 7,311 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Fogarty Maria V. sold 6,590 shares, netting a total of over 429,339 in proceeds. Following the sale of shares at $65.15 each, the insider now holds 9,800 shares.
Before that, KOONCE PAUL D had added 500 shares to its account. In a trade valued at $33,065, the Director bought Spire Inc. shares for $66.13 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $90886.5.
As published in a research note from Ladenburg Thalmann on October 17, 2024, Spire Inc. [SR] has been rated down from a Neutral to a Sell and the price target has been revised to $60.50 from $65.50. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of April 26, 2024, Ladenburg Thalmann has initiated its “Neutral” rating for SR. Earlier on April 12, 2024, UBS initiated its rating. Their recommendation was “a Buy” for SR stock.
Analyzing SR Stock Performance
During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Spire Inc. shares have jumped approximately 2.31%. Shares of the company reached a 52-week high of $68.02 on 07/25/24 and a 52-week low of $56.36 on 01/31/24. A 50-day SMA is recorded $65.48, while a 200-day SMA reached $61.95. Nevertheless, trading volume fell to 1.29 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Spire Inc. (SR)
According to the 24-hour chart, there is a support level at 61.85, which, if violated, would cause prices to drop to 59.91. In the upper region, resistance lies at 65.42. The next price resistance is at 67.06. RSI (Relative Strength Index) is 40.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 63.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
