Newmont Corp’s filing revealed that its EVP & CDO Toth Peter unloaded Company’s shares for reported $0.16 million on Oct 01 ’24. In the deal valued at $53.81 per share,3,000 shares were sold. As a result of this transaction, Toth Peter now holds 91,596 shares worth roughly $5.27 million.
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Then, Palmer Thomas Ronald sold 20,000 shares, generating $1,076,200 in total proceeds. Upon selling the shares at $53.81, the President & CEO now owns 271,469 shares.
Before that, Palmer Thomas Ronald bought 20,000 shares. Newmont Corp shares valued at $1,076,200 were divested by the Officer at a price of $53.81 per share.
Argus upgraded its Newmont Corp [NEM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid August from “a Sector perform” to “a Sector outperform”. CIBC also remained covering NEM and has increased its forecast on July 10, 2024 with a “Sector outperform” recommendation from previously “Neutral” rating. JP Morgan revised its rating on July 08, 2024. It rated NEM as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NEM
On Monday, Newmont Corp [NYSE:NEM] saw its stock fall -0.09% to $57.57. Over the last five days, the stock has gained 5.02%. Newmont Corp shares have risen nearly 39.09% since the year began. Nevertheless, the stocks have risen 45.93% over the past one year. While a 52-week high of $57.96 was reached on 10/21/24, a 52-week low of $29.42 was recorded on 02/28/24. SMA at 50 days reached $52.97, while 200 days put it at $42.78.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 57.06, which if violated will result in even more drops to 56.54. On the upside, there is a resistance level at 58.40. A further resistance level may holdings at 59.22. The Relative Strength Index (RSI) on the 14-day chart is 72.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.55%. Stochastics %K at 87.65% indicates the stock is a selling.
How much short interest is there in Newmont Corp?
A steep rise in short interest was recorded in Newmont Corp stocks on 2024-09-30, growing by 1.7 million shares to a total of 18.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.04 million shares. There was a rise of 9.07%, which implies that there is a positive sentiment for the stock.
