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. Great Lakes Dredge & Dock Corporation shares valued at $422,306 were sold by Petterson Lasse on Aug 23 ’24. At $9.08 per share, Petterson Lasse sold 46,510 shares. The insider’s holdings dropped to 931,101 shares worth approximately $10.64 million following the completion of this transaction.
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Also, Petterson Lasse sold 28,709 shares, netting a total of over 265,363 in proceeds. Following the sale of shares at $9.24 each, the insider now holds 902,392 shares.
Before that, Petterson Lasse had sold 53,771 shares from its account. In a trade valued at $487,165, the CEO & President traded Great Lakes Dredge & Dock Corporation shares for $9.06 each. Upon closing the transaction, the insider’s holdings decreased to 53,771 shares, worth approximately $11.29 million.
As published in a research note from Imperial Capital on August 08, 2016, Great Lakes Dredge & Dock Corporation [GLDD] has been rated down from an Outperform to an In-line and the price target has been revised to $4 from $5.50. Analysts at DA Davidson resumed the stock at ‘”a Neutral”‘ outlook in a report released in early August. As of February 24, 2016, Imperial Capital has reiterated its “an Outperform” rating for GLDD. Earlier on November 04, 2015, Imperial Capital resumed its rating. Their recommendation was “an Outperform” for GLDD stock.
Analyzing GLDD Stock Performance
During the last five days, there has been a drop of approximately -2.64%. Over the course of the year, Great Lakes Dredge & Dock Corporation shares have jumped approximately 48.83%. Shares of the company reached a 52-week high of $12.31 on 10/23/24 and a 52-week low of $6.55 on 04/30/24. A 50-day SMA is recorded $10.67, while a 200-day SMA reached $9.09. Nevertheless, trading volume fell to 0.53 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Great Lakes Dredge & Dock Corporation (GLDD)
According to the 24-hour chart, there is a support level at 11.13, which, if violated, would cause prices to drop to 10.84. In the upper region, resistance lies at 11.66. The next price resistance is at 11.90. RSI (Relative Strength Index) is 51.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 70.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
