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Potential Price Increase for Granite Construction Inc (GVA) After Recent Insider Activity

In a filing, Granite Construction Inc revealed its Director Mastin Celeste Beeks unloaded Company’s shares for reported $0.53 million on Dec 12 ’24. In the deal valued at $97.44 per share,5,435 shares were sold. As a result of this transaction, Mastin Celeste Beeks now holds 16,579 shares worth roughly $1.55 million.

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Then, Mastin Celeste Beeks bought 5,435 shares, generating $529,586 in total proceeds.

Before that, CAMPBELL MOLLY bought 1,670 shares. Granite Construction Inc shares valued at $161,506 were divested by the Director at a price of $96.71 per share.

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 -0.19% to $93.26. Over the last five days, the stock has lost -2.95%. Granite Construction Inc shares have risen nearly 83.37% since the year began. Nevertheless, the stocks have risen 86.89% over the past one year. While a 52-week high of $105.20 was reached on 12/05/24, a 52-week low of $43.92 was recorded on 02/05/24. SMA at 50 days reached $90.96, while 200 days put it at $70.66.

Levels Of Support And Resistance For GVA Stock

The 24-hour chart illustrates a support level at 92.57, which if violated will result in even more drops to 91.89. On the upside, there is a resistance level at 94.61. A further resistance level may holdings at 95.97. The Relative Strength Index (RSI) on the 14-day chart is 42.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.77%. Stochastics %K at 10.27% indicates the stock is a buying.

How much short interest is there in Granite Construction Inc?

A steep rise in short interest was recorded in Granite Construction Inc stocks on 2024-11-29, growing by 0.2 million shares to a total of 4.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.24 million shares. There was a rise of 4.41%, which implies that there is a positive sentiment for the stock.

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