In a filing, Great Lakes Dredge & Dock Corporation revealed its CEO & President Petterson Lasse unloaded Company’s shares for reported $0.42 million on Aug 23 ’24. In the deal valued at $9.08 per share,46,510 shares were sold. As a result of this transaction, Petterson Lasse now holds 931,101 shares worth roughly $11.74 million.
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Then, Petterson Lasse sold 28,709 shares, generating $265,363 in total proceeds. Upon selling the shares at $9.24, the CEO & President now owns 902,392 shares.
Before that, Petterson Lasse sold 53,771 shares. Great Lakes Dredge & Dock Corporation shares valued at $487,165 were divested by the CEO & President at a price of $9.06 per share. As a result of the transaction, Petterson Lasse now holds 987,758 shares, worth roughly $12.46 million.
Imperial Capital downgraded its Great Lakes Dredge & Dock Corporation [GLDD] rating to an In-line from a an Outperform in a research note published on August 08, 2016; the price target was decreased to $4 from $5.50. A number of analysts have revised their coverage, including DA Davidson’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Neutral”‘ rating for it. Imperial Capital also remained covering GLDD and reiterated its “an Outperform” recommendation on February 24, 2016. Imperial Capital maintained its rating on November 04, 2015. It rated GLDD as “an Outperform”.
Price Performance Review of GLDD
On Monday, Great Lakes Dredge & Dock Corporation [NASDAQ:GLDD] saw its stock fall -0.63% to $12.61. Over the last five days, the stock has gained 8.61%. Great Lakes Dredge & Dock Corporation shares have risen nearly 64.19% since the year began. Nevertheless, the stocks have risen 97.03% over the past one year. While a 52-week high of $12.80 was reached on 11/11/24, a 52-week low of $6.12 was recorded on 04/30/24. SMA at 50 days reached $11.02, while 200 days put it at $9.25.
Levels Of Support And Resistance For GLDD Stock
The 24-hour chart illustrates a support level at 12.44, which if violated will result in even more drops to 12.26. On the upside, there is a resistance level at 12.81. A further resistance level may holdings at 13.00. The Relative Strength Index (RSI) on the 14-day chart is 68.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.53%. Stochastics %K at 92.73% indicates the stock is a selling.
How much short interest is there in Great Lakes Dredge & Dock Corporation?
A steep rise in short interest was recorded in Great Lakes Dredge & Dock Corporation stocks on 2024-10-15, dropping by 85888.0 shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.88 million shares. There was a decline of -10.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 09, 2013 when Imperial Capital resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $10.
