In a filing, Granite Construction Inc revealed its Director CAMPBELL MOLLY acquired Company’s shares for reported $0.16 million on Nov 08 ’24. In the deal valued at $96.71 per share,1,670 shares were bought.
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Then, CAMPBELL MOLLY sold 1,670 shares, generating $161,506 in total proceeds. Upon selling the shares at $96.71, the Director now owns 13,051 shares.
Before that, Larkin Kyle T sold 30,000 shares. Granite Construction Inc shares valued at $2,678,400 were divested by the President & CEO at a price of $89.28 per share. As a result of the transaction, Larkin Kyle T now holds 93,980 shares, worth roughly $9.32 million.
DA Davidson upgraded its Granite Construction Inc [GVA] rating to a Buy from a a Neutral in a research note published on April 15, 2021; the price target was increased to $55 from $35. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “a Sell”. DA Davidson also remained covering GVA and has decreased its forecast on October 28, 2019 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on August 08, 2019. It rated GVA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GVA
On Monday, Granite Construction Inc [NYSE:GVA] saw its stock fall -0.16% to $99.13. Over the last five days, the stock has gained 2.78%. Granite Construction Inc shares have risen nearly 94.91% since the year began. Nevertheless, the stocks have risen 115.59% over the past one year. While a 52-week high of $99.72 was reached on 11/25/24, a 52-week low of $43.92 was recorded on 02/05/24. SMA at 50 days reached $85.94, while 200 days put it at $67.34.
Levels Of Support And Resistance For GVA Stock
The 24-hour chart illustrates a support level at 98.37, which if violated will result in even more drops to 97.61. On the upside, there is a resistance level at 100.23. A further resistance level may holdings at 101.33. The Relative Strength Index (RSI) on the 14-day chart is 77.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.10%. Stochastics %K at 90.37% indicates the stock is a selling.
How much short interest is there in Granite Construction Inc?
A steep rise in short interest was recorded in Granite Construction Inc stocks on 2024-10-31, dropping by 54903.0 shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.3 million shares. There was a decline of -1.29%, which implies that there is a negative sentiment for the stock.
