Taking this into account, HSBC Securities downgraded its Sibanye Stillwater Limited ADR [SBSW] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Investec’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Jefferies also remained covering SBSW and has decreased its forecast on March 13, 2024 with a “Sell” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on December 05, 2023. It rated SBSW as “a Market perform” which previously was an “an Outperform”.
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Price Performance Review of SBSW
On Tuesday, Sibanye Stillwater Limited ADR [NYSE:SBSW] saw its stock fall -2.37% to $4.12. Over the last five days, the stock has lost -15.23%. Sibanye Stillwater Limited ADR shares have fallen nearly -24.13% since the year began. Nevertheless, the stocks have fallen -12.90% over the past one year. While a 52-week high of $5.93 was reached on 04/09/24, a 52-week low of $3.08 was recorded on 09/10/24. SMA at 50 days reached $4.30, while 200 days put it at $4.55.
Levels Of Support And Resistance For SBSW Stock
The 24-hour chart illustrates a support level at 4.01, which if violated will result in even more drops to 3.90. On the upside, there is a resistance level at 4.21. A further resistance level may holdings at 4.29. The Relative Strength Index (RSI) on the 14-day chart is 42.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 15.89% indicates the stock is a buying.
How much short interest is there in Sibanye Stillwater Limited ADR?
A steep rise in short interest was recorded in Sibanye Stillwater Limited ADR stocks on 2024-06-14, dropping by -2.27 million shares to a total of 15.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-05-15 was 17.28 million shares. There was a decline of -15.08%, which implies that there is a negative sentiment for the stock.
