Newmont Corp’s filing revealed that its President & CEO Palmer Thomas Ronald unloaded Company’s shares for reported $0.59 million on Nov 01 ’24. In the deal valued at $45.45 per share,13,000 shares were sold. As a result of this transaction, Palmer Thomas Ronald now holds 258,469 shares worth roughly $10.97 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Toth Peter sold 3,000 shares, generating $136,350 in total proceeds. Upon selling the shares at $45.45, the EVP & CDO now owns 88,596 shares.
Before that, Toth Peter bought 3,000 shares. Newmont Corp shares valued at $136,350 were divested by the Officer at a price of $45.45 per share.
JP Morgan upgraded its Newmont Corp [NEM] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. CIBC also remained covering NEM and has decreased its forecast on October 28, 2024 with a “Neutral” recommendation from previously “Sector outperform” rating. Scotiabank revised its rating on October 25, 2024. It rated NEM as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of NEM
On Monday, Newmont Corp [NYSE:NEM] saw its stock fall -2.12% to $42.46. Over the last five days, the stock has gained 0.24%. Newmont Corp shares have risen nearly 2.59% since the year began. Nevertheless, the stocks have risen 12.96% over the past one year. While a 52-week high of $58.72 was reached on 10/22/24, a 52-week low of $29.42 was recorded on 02/28/24. SMA at 50 days reached $50.01, while 200 days put it at $44.05.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 41.92, which if violated will result in even more drops to 41.38. On the upside, there is a resistance level at 42.73. A further resistance level may holdings at 43.00. The Relative Strength Index (RSI) on the 14-day chart is 34.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.51%. Stochastics %K at 47.36% indicates the stock is a holding.
How much short interest is there in Newmont Corp?
A steep rise in short interest was recorded in Newmont Corp stocks on 2024-10-31, dropping by -0.2 million shares to a total of 18.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.74 million shares. There was a decline of -1.07%, which implies that there is a negative sentiment for the stock.
