Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Great Lakes Dredge & Dock Corporation shares valued at $191,799 were sold by DICKERSON LAWRENCE R on Nov 14 ’24. At $12.04 per share, DICKERSON LAWRENCE R sold 15,936 shares. The insider’s holdings dropped to 82,148 shares worth approximately $1.01 million following the completion of this transaction.
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Also, DICKERSON LAWRENCE R purchased 15,936 shares, netting a total of over 191,793 in proceeds.
Before that, DICKERSON LAWRENCE R had sold 5,323 shares from its account. In a trade valued at $67,118, the Director traded Great Lakes Dredge & Dock Corporation shares for $12.61 each. Upon closing the transaction, the insider’s holdings decreased to 5,323 shares, worth approximately $1.21 million.
As published in a research note from Imperial Capital on August 08, 2016, Great Lakes Dredge & Dock Corporation [GLDD] has been rated down from an Outperform to an In-line and the price target has been revised to $4 from $5.50. Analysts at DA Davidson resumed the stock at ‘”a Neutral”‘ outlook in a report released in early August. As of February 24, 2016, Imperial Capital has reiterated its “an Outperform” rating for GLDD. Earlier on November 04, 2015, Imperial Capital resumed its rating. Their recommendation was “an Outperform” for GLDD stock.
Analyzing GLDD Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, Great Lakes Dredge & Dock Corporation shares have jumped approximately 60.42%. Shares of the company reached a 52-week high of $12.83 on 11/11/24 and a 52-week low of $6.55 on 04/30/24. A 50-day SMA is recorded $11.48, while a 200-day SMA reached $9.42. Nevertheless, trading volume fell to 0.73 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Great Lakes Dredge & Dock Corporation (GLDD)
According to the 24-hour chart, there is a support level at 12.06, which, if violated, would cause prices to drop to 11.80. In the upper region, resistance lies at 12.49. The next price resistance is at 12.67. RSI (Relative Strength Index) is 58.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 19.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
