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Understanding the Risks of Investing in Cemex S.A.B. De C.V. ADR (CX)

Cemex S.A.B. De C.V. ADR’s filing revealed that its Senior Vice President – Legal Saldana Madero Roger acquired Company’s shares for reported $0.31 million on Aug 16 ’24. In the deal valued at $6.73 per share,45,385 shares were bought.

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Then, VICENTE SAISO ALVA bought 9,648 shares, generating $60,504 in total proceeds.

JP Morgan downgraded its Cemex S.A.B. De C.V. ADR [CX] rating to a Neutral from a an Overweight in a research note published on October 29, 2024; the price target was decreased to $6 from $7. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early October from “an Underperform” to “a Sector perform”. Barclays revised its rating on July 31, 2024. It rated CX as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of CX

On Tuesday, Cemex S.A.B. De C.V. ADR [NYSE:CX] saw its stock fall -3.85% to $5.25. Over the last five days, the stock has lost -10.10%. Cemex S.A.B. De C.V. ADR shares have fallen nearly -32.26% since the year began. Nevertheless, the stocks have fallen -11.76% over the past one year. While a 52-week high of $9.27 was reached on 04/03/24, a 52-week low of $5.34 was recorded on 10/29/24. SMA at 50 days reached $6.04, while 200 days put it at $7.14.

Levels Of Support And Resistance For CX Stock

The 24-hour chart illustrates a support level at 5.15, which if violated will result in even more drops to 5.05. On the upside, there is a resistance level at 5.42. A further resistance level may holdings at 5.58. The Relative Strength Index (RSI) on the 14-day chart is 27.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.41%. Stochastics %K at 21.46% indicates the stock is a holding.

How much short interest is there in Cemex S.A.B. De C.V. ADR?

A steep rise in short interest was recorded in Cemex S.A.B. De C.V. ADR stocks on 2024-10-15, growing by 3794.0 shares to a total of 6.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.07 million shares. There was a rise of 0.06%, which implies that there is a positive sentiment for the stock.

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