In a filing, GSK Plc ADR revealed its 10% Owner GSK plc acquired Company’s shares for reported $22.34 million on Sep 27 ’24. In the deal valued at $8.00 per share,2,791,930 shares were bought. As a result of this transaction, GSK plc now holds 16,775,691 shares worth roughly $571.88 million.
Deutsche Bank downgraded its GSK Plc ADR [GSK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Guggenheim also remained covering GSK and has decreased its forecast on October 31, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on July 08, 2024. It rated GSK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GSK
On Tuesday, GSK Plc ADR [NYSE:GSK] saw its stock jump 0.38% to $34.09. Over the last five days, the stock has gained 1.31%. GSK Plc ADR shares have risen nearly 0.80% since the year began. Nevertheless, the stocks have fallen -13.06% over the past one year. While a 52-week high of $45.92 was reached on 01/07/25, a 52-week low of $32.83 was recorded on 01/03/25. SMA at 50 days reached $34.82, while 200 days put it at $39.61.
Levels Of Support And Resistance For GSK Stock
The 24-hour chart illustrates a support level at 33.89, which if violated will result in even more drops to 33.68. On the upside, there is a resistance level at 34.38. A further resistance level may holdings at 34.66. The Relative Strength Index (RSI) on the 14-day chart is 48.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 52.81% indicates the stock is a holding.
How much short interest is there in GSK Plc ADR?
A steep rise in short interest was recorded in GSK Plc ADR stocks on 2024-12-13, dropping by -5.11 million shares to a total of 18.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.52 million shares. There was a decline of -27.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $47 price target.
