SSR Mining Inc’s recently made public that its EVP, Ops & Sustainability MacNevin William K. unloaded Company’s shares for reported $48130.0 on Jan 03 ’25. In the deal valued at $7.16 per share,6,722 shares were sold. As a result of this transaction, MacNevin William K. now holds 265,711 shares worth roughly $1.9 million.
Then, Ebbett John sold 2,076 shares, generating $9,384 in total proceeds. Upon selling the shares at $4.52, the EVP, Growth and Innovation now owns 30,205 shares.
UBS downgraded its SSR Mining Inc [SSRM] rating to a Neutral from a a Buy in a research note published on February 22, 2024; the price target was decreased to $5 from $17. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid February from “a Sector perform” to “an Underperform”. RBC Capital Mkts also remained covering SSRM and has decreased its forecast on February 15, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. TD Securities revised its rating on February 14, 2024. It rated SSRM as “a Hold” which previously was an “a Buy”.
Price Performance Review of SSRM
On Tuesday, SSR Mining Inc [NASDAQ:SSRM] saw its stock fall -0.14% to $7.14. Over the last five days, the stock has gained 4.08%. SSR Mining Inc shares have risen nearly 2.59% since the year began. Nevertheless, the stocks have fallen -32.26% over the past one year. While a 52-week high of $10.63 was reached on 01/07/25, a 52-week low of $3.76 was recorded on 01/02/25. SMA at 50 days reached $6.41, while 200 days put it at $5.53.
Levels Of Support And Resistance For SSRM Stock
The 24-hour chart illustrates a support level at 6.99, which if violated will result in even more drops to 6.85. On the upside, there is a resistance level at 7.38. A further resistance level may holdings at 7.63. The Relative Strength Index (RSI) on the 14-day chart is 57.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.92%. Stochastics %K at 47.75% indicates the stock is a holding.
How much short interest is there in SSR Mining Inc?
A steep rise in short interest was recorded in SSR Mining Inc stocks on 2024-12-13, dropping by -0.99 million shares to a total of 7.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.09 million shares. There was a decline of -13.88%, which implies that there is a negative sentiment for the stock.
