Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coeur Mining Inc shares valued at $101,600 were sold by Edwards Sebastian on May 07 ’24. At $5.08 per share, Edwards Sebastian sold 20,000 shares. The insider’s holdings dropped to 103,100 shares worth approximately $0.73 million following the completion of this transaction.
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Also, Watkinson Kenneth J sold 44,000 shares, netting a total of over 213,620 in proceeds. Following the sale of shares at $4.86 each, the insider now holds 140,719 shares.
Before that, McGrath Aoife had added 6,200 shares to its account. In a trade valued at $20,020, the SVP, Exploration bought Coeur Mining Inc shares for $3.23 each. Upon closing the transaction, the insider’s holdings increased to 6,200 shares, worth approximately $1.47 million.
As published in a research note from Cantor Fitzgerald on August 08, 2024, Coeur Mining Inc [CDE] has been rated down from an Overweight to a Neutral. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of April 09, 2024, ROTH MKM has initiated its “Buy” rating for CDE.
Analyzing CDE Stock Performance
During the last five days, there has been a surge of approximately 9.72%. Over the course of the year, Coeur Mining Inc shares have jumped approximately 118.10%. Shares of the company reached a 52-week high of $7.72 on 09/25/24 and a 52-week low of $2.42 on 02/28/24. A 50-day SMA is recorded $6.52, while a 200-day SMA reached $5.02. Nevertheless, trading volume fell to 9.7 million shares from 10.37 million shares the previous day.
Support And Resistance Levels for Coeur Mining Inc (CDE)
According to the 24-hour chart, there is a support level at 6.87, which, if violated, would cause prices to drop to 6.63. In the upper region, resistance lies at 7.39. The next price resistance is at 7.67. RSI (Relative Strength Index) is 57.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 27.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
