Granite Construction Inc’s recent filing unveils that its Director CAMPBELL MOLLY unloaded Company’s shares for reported $0.2 million on Aug 20 ’24. In the deal valued at $71.43 per share,2,810 shares were sold. As a result of this transaction, CAMPBELL MOLLY now holds 14,713 shares worth roughly $1.27 million.
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Then, CAMPBELL MOLLY bought 2,810 shares, generating $200,572 in total proceeds.
Before that, Tatusko Michael G sold 5,000 shares. Granite Construction Inc shares valued at $346,078 were divested by the Senior Vice President at a price of $69.22 per share. As a result of the transaction, Tatusko Michael G now holds 21,943 shares, worth roughly $1.9 million.
DA Davidson upgraded its Granite Construction Inc [GVA] rating to a Buy from a a Neutral in a research note published on April 15, 2021; the price target was increased to $55 from $35. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “a Sell”. DA Davidson also remained covering GVA and has decreased its forecast on October 28, 2019 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on August 08, 2019. It rated GVA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GVA
On Friday, Granite Construction Inc [NYSE:GVA] saw its stock jump 2.88% to $86.47. Over the last five days, the stock has gained 5.94%. Granite Construction Inc shares have risen nearly 70.02% since the year began. Nevertheless, the stocks have risen 100.12% over the past one year. While a 52-week high of $85.71 was reached on 11/01/24, a 52-week low of $40.31 was recorded on 02/05/24. SMA at 50 days reached $78.70, while 200 days put it at $63.30.
Levels Of Support And Resistance For GVA Stock
The 24-hour chart illustrates a support level at 84.27, which if violated will result in even more drops to 82.07. On the upside, there is a resistance level at 88.67. A further resistance level may holdings at 90.86. The Relative Strength Index (RSI) on the 14-day chart is 71.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.01%. Stochastics %K at 69.51% indicates the stock is a holding.
How much short interest is there in Granite Construction Inc?
A steep rise in short interest was recorded in Granite Construction Inc stocks on 2024-10-15, dropping by -0.28 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.81 million shares. There was a decline of -6.11%, which implies that there is a negative sentiment for the stock.
