The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Newmont Corp shares valued at $590,850 were sold by Palmer Thomas Ronald on Nov 01 ’24. At $45.45 per share, Palmer Thomas Ronald sold 13,000 shares. The insider’s holdings dropped to 258,469 shares worth approximately $10.87 million following the completion of this transaction.
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
Also, Toth Peter sold 3,000 shares, netting a total of over 136,350 in proceeds. Following the sale of shares at $45.45 each, the insider now holds 88,596 shares.
Before that, Toth Peter had added 3,000 shares to its account. In a trade valued at $136,350, the Officer bought Newmont Corp shares for $45.45 each.
As published in a research note from JP Morgan on November 19, 2024, Newmont Corp [NEM] has been rated up from a Neutral to an Overweight. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 28, 2024, CIBC has decreased its “Sector outperform” rating to a “Neutral” for NEM. Earlier on October 25, 2024, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for NEM stock which previously was a “a Sector outperform”.
Analyzing NEM Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Newmont Corp shares have jumped approximately 1.57%. Shares of the company reached a 52-week high of $58.72 on 10/22/24 and a 52-week low of $29.42 on 02/28/24. A 50-day SMA is recorded $49.58, while a 200-day SMA reached $44.14. Nevertheless, trading volume fell to 7.02 million shares from 6.38 million shares the previous day.
Support And Resistance Levels for Newmont Corp (NEM)
According to the 24-hour chart, there is a support level at 41.76, which, if violated, would cause prices to drop to 41.48. In the upper region, resistance lies at 42.48. The next price resistance is at 42.92. RSI (Relative Strength Index) is 32.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 67.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
