GSK Plc ADR’s recent filing unveils that its 10% Owner GSK plc acquired Company’s shares for reported $22.34 million on Sep 27 ’24. In the deal valued at $8.00 per share,2,791,930 shares were bought. As a result of this transaction, GSK plc now holds 16,775,691 shares worth roughly $621.04 million.
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Then, GSK plc bought 3,300,000 shares, generating $16,500,000 in total proceeds. Upon buying the shares at $5.00, the 10% Owner now owns 13,983,761 shares.
Guggenheim downgraded its GSK Plc ADR [GSK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Neutral”. Goldman began covering GSK with “Neutral” recommendation on May 30, 2024. Guggenheim revised its rating on March 04, 2024. It rated GSK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GSK
On Tuesday, GSK Plc ADR [NYSE:GSK] saw its stock jump 0.14% to $37.02. Over the last five days, the stock has lost -3.01%. GSK Plc ADR shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have risen 7.49% over the past one year. While a 52-week high of $45.92 was reached on 05/15/24, a 52-week low of $33.89 was recorded on 10/31/24. SMA at 50 days reached $40.42, while 200 days put it at $41.14.
Levels Of Support And Resistance For GSK Stock
The 24-hour chart illustrates a support level at 36.65, which if violated will result in even more drops to 36.28. On the upside, there is a resistance level at 37.22. A further resistance level may holdings at 37.42. The Relative Strength Index (RSI) on the 14-day chart is 34.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.03%. Stochastics %K at 27.43% indicates the stock is a holding.
How much short interest is there in GSK Plc ADR?
A steep rise in short interest was recorded in GSK Plc ADR stocks on 2024-10-15, growing by 4.85 million shares to a total of 16.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.69 million shares. There was a rise of 29.33%, which implies that there is a positive sentiment for the stock.
