Newmont Corp’s recent filing unveils 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 $4.43 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.
CIBC downgraded its Newmont Corp [NEM] rating to a Neutral from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in late October from “a Sector outperform” to “a Sector perform”. Argus also remained covering NEM and has increased its forecast on August 29, 2024 with a “Buy” recommendation from previously “Hold” rating. Scotiabank revised its rating on August 19, 2024. It rated NEM as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of NEM
On Monday, Newmont Corp [NYSE:NEM] saw its stock fall -0.12% to $48.36. Over the last five days, the stock has lost -16.00%. Newmont Corp shares have risen nearly 16.84% since the year began. Nevertheless, the stocks have risen 29.03% over the past one year. While a 52-week high of $58.72 was reached on 10/22/24, a 52-week low of $29.42 was recorded on 02/28/24. SMA at 50 days reached $53.29, while 200 days put it at $43.12.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 47.99, which if violated will result in even more drops to 47.62. On the upside, there is a resistance level at 48.80. A further resistance level may holdings at 49.24. The Relative Strength Index (RSI) on the 14-day chart is 31.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.62%. Stochastics %K at 10.18% indicates the stock is a buying.
How much short interest is there in Newmont Corp?
A steep rise in short interest was recorded in Newmont Corp stocks on 2024-10-15, dropping by -2.85 million shares to a total of 18.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.14 million shares. There was a decline of -15.59%, which implies that there is a negative sentiment for the stock.