GFL Environmental Inc’s recently made public that its Director Patrick Dovigi acquired Company’s shares for reported $24.37 million on Sep 06 ’24. In the deal valued at $40.61 per share,600,000 shares were bought.
Then, Patrick Dovigi bought 600,000 shares, generating $23,916,000 in total proceeds.
Scotiabank initiated its GFL Environmental Inc [GFL] rating to a Sector outperform in a research note published on October 04, 2024; the price target was $50. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early July from “an Outperform” to “a Market perform”. UBS started covering the stock on January 31, 2024. It rated GFL as “a Buy”.
Price Performance Review of GFL
On Tuesday, GFL Environmental Inc [NYSE:GFL] saw its stock fall -1.11% to $43.53. Over the last five days, the stock has lost -1.85%. GFL Environmental Inc shares have fallen nearly -2.27% since the year began. Nevertheless, the stocks have risen 34.73% over the past one year. While a 52-week high of $48.87 was reached on 01/07/25, a 52-week low of $30.57 was recorded on 01/07/25. SMA at 50 days reached $44.59, while 200 days put it at $39.26.
Levels Of Support And Resistance For GFL Stock
The 24-hour chart illustrates a support level at 42.11, which if violated will result in even more drops to 40.69. On the upside, there is a resistance level at 45.78. A further resistance level may holdings at 48.03. The Relative Strength Index (RSI) on the 14-day chart is 37.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.79%. Stochastics %K at 18.25% indicates the stock is a buying.
How much short interest is there in GFL Environmental Inc?
A steep rise in short interest was recorded in GFL Environmental Inc stocks on 2024-12-13, dropping by -0.47 million shares to a total of 7.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.7 million shares. There was a decline of -6.46%, which implies that there is a negative sentiment for the stock.
