Newmont Corp’s recently made public that its Officer Toth Peter acquired Company’s shares for reported $0.14 million on Nov 01 ’24. In the deal valued at $45.45 per share,3,000 shares were bought.
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Then, Palmer Thomas Ronald bought 13,000 shares, generating $590,850 in total proceeds.
Before that, Toth Peter sold 3,000 shares. Newmont Corp shares valued at $161,430 were divested by the EVP & CDO at a price of $53.81 per share. As a result of the transaction, Toth Peter now holds 91,596 shares, worth roughly $4.19 million.
UBS downgraded its Newmont Corp [NEM] rating to a Neutral from a a Buy in a research note published on October 30, 2024; the price target was decreased to $54 from $67. A number of analysts have revised their coverage, including CIBC’s analysts, who decreased its forecast for the stock in late October from “a Sector outperform” to “a Neutral”. Scotiabank also remained covering NEM and has decreased its forecast on October 25, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Argus revised its rating on August 29, 2024. It rated NEM as “a Buy” which previously was an “a Hold”.
Price Performance Review of NEM
On Monday, Newmont Corp [NYSE:NEM] saw its stock jump 1.10% to $45.76. Over the last five days, the stock has lost -5.38%. Newmont Corp shares have risen nearly 10.56% since the year began. Nevertheless, the stocks have risen 20.55% 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 $52.75, while 200 days put it at $43.39.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 45.30, which if violated will result in even more drops to 44.83. On the upside, there is a resistance level at 46.06. A further resistance level may holdings at 46.35. The Relative Strength Index (RSI) on the 14-day chart is 27.98, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.05%. Stochastics %K at 2.72% 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.
