The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Granite Construction Inc. shares valued at $200,718 were sold by CAMPBELL MOLLY on Aug 20 ’24. At $71.43 per share, CAMPBELL MOLLY sold 2,810 shares. The insider’s holdings dropped to 14,713 shares worth approximately $1.22 million following the completion of this transaction.
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Also, CAMPBELL MOLLY purchased 2,810 shares, netting a total of over 200,572 in proceeds.
Before that, Tatusko Michael G had sold 5,000 shares from its account. In a trade valued at $346,078, the Senior Vice President traded Granite Construction Inc. shares for $69.22 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.81 million.
As published in a research note from DA Davidson on April 15, 2021, Granite Construction Inc. [GVA] has been rated up from a Neutral to a Buy and the price target has been revised to $55 from $35. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid January. As of October 28, 2019, DA Davidson has decreased its “Buy” rating to a “Neutral” for GVA. Earlier on August 08, 2019, Goldman downgraded its rating. Their new recommendation was “a Neutral” for GVA stock which previously was a “a Buy”.
Analyzing GVA Stock Performance
Over the course of the year, Granite Construction Inc. shares have jumped approximately 62.45%. Shares of the company reached a 52-week high of $84.10 on 10/23/24 and a 52-week low of $43.92 on 02/05/24. A 50-day SMA is recorded $76.96, while a 200-day SMA reached $62.03. Nevertheless, trading volume fell to 1.14 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Granite Construction Inc. (GVA)
According to the 24-hour chart, there is a support level at 81.71, which, if violated, would cause prices to drop to 80.79. In the upper region, resistance lies at 83.82. The next price resistance is at 85.01. RSI (Relative Strength Index) is 62.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 27.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
