GMS Inc’s recent filing unveils that its Former Director BROWNING PETER C acquired Company’s shares for reported $0.74 million on Nov 26 ’24. In the deal valued at $101.94 per share,7,300 shares were bought.
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Then, Hendren George T sold 5,000 shares, generating $510,650 in total proceeds. Upon selling the shares at $102.13, the SVP, Chief Operating Officer now owns 23,772 shares.
Before that, BROWNING PETER C bought 7,116 shares. GMS Inc shares valued at $643,384 were divested by the Director at a price of $90.41 per share.
DA Davidson downgraded its GMS Inc [GMS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Loop Capital also remained covering GMS and has decreased its forecast on December 09, 2022 with a “Hold” recommendation from previously “Buy” rating. Truist revised its rating on September 07, 2022. It rated GMS as “a Hold” which previously was an “a Buy”.
Price Performance Review of GMS
On Tuesday, GMS Inc [NYSE:GMS] saw its stock jump 2.55% to $102.68. Over the last five days, the stock has lost -1.12%. GMS Inc shares have risen nearly 24.57% since the year began. Nevertheless, the stocks have risen 46.04% over the past one year. While a 52-week high of $105.54 was reached on 11/25/24, a 52-week low of $68.13 was recorded on 01/05/24. SMA at 50 days reached $94.90, while 200 days put it at $91.74.
Levels Of Support And Resistance For GMS Stock
The 24-hour chart illustrates a support level at 100.69, which if violated will result in even more drops to 98.70. On the upside, there is a resistance level at 103.80. A further resistance level may holdings at 104.91. The Relative Strength Index (RSI) on the 14-day chart is 62.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.83%. Stochastics %K at 40.65% indicates the stock is a holding.
How much short interest is there in GMS Inc?
A steep rise in short interest was recorded in GMS Inc stocks on 2024-11-15, growing by 244.0 shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.16 million shares. There was a rise of 0.02%, which implies that there is a positive sentiment for the stock.
