Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gatos Silver Inc shares valued at $15,232 were purchased by Scott Anthony Michael on Feb 23 ’24. At $5.60 per share, Scott Anthony Michael acquired 2,720 shares. The insider’s holdings grew to 183,144 shares worth approximately $2.97 million following the completion of this transaction.
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Also, Bodley Stephen D purchased 10,000 shares, netting a total of over 56,500 in proceeds. Following the buying of shares at $5.65 each, the insider now holds 20,000 shares.
Before that, Andres Dale had added 10,000 shares to its account. In a trade valued at $55,500, the Chief Executive Officer bought Gatos Silver Inc shares for $5.55 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $8.99 million.
As published in a research note from Canaccord Genuity on October 22, 2024, Gatos Silver Inc [GATO] has been rated down from a Buy to a Hold. Analysts at CIBC upgraded the stock from ‘”a Neutral”‘ to ‘”a Sector outperform”‘ outlook in a report released in late May. As of April 23, 2024, Canaccord Genuity has increased its “Hold” rating to a “Buy” for GATO.
Analyzing GATO Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Gatos Silver Inc shares have jumped approximately 147.86%. Shares of the company reached a 52-week high of $20.31 on 10/29/24 and a 52-week low of $5.42 on 02/22/24. A 50-day SMA is recorded $16.35, while a 200-day SMA reached $11.66. Nevertheless, trading volume fell to 1.94 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for Gatos Silver Inc (GATO)
According to the 24-hour chart, there is a support level at 15.46, which, if violated, would cause prices to drop to 14.70. In the upper region, resistance lies at 16.78. The next price resistance is at 17.34. RSI (Relative Strength Index) is 44.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 78.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
