Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Newmont Corp shares valued at $83,080 were sold by Brook Bruce R on Jan 10 ’25. At $40.00 per share, Brook Bruce R sold 2,077 shares. The insider’s holdings dropped to 52,070 shares worth approximately $2.17 million following the completion of this transaction.
Also, Toth Peter sold 3,000 shares, netting a total of over 120,000 in proceeds. Following the sale of shares at $40.00 each, the insider now holds 82,596 shares.
Before that, Viljoen Natascha had sold 9,000 shares from its account. In a trade valued at $360,000, the EVP & COO traded Newmont Corp shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $6.08 million.
As published in their initiating research note from Goldman on January 13, 2025, Newmont Corp [NEM] has been a Buy and the price target has been revised to $47.20. Analysts at CLSA started covering the stock with ‘”an Underperform”‘ outlook in a report released in late November. As of November 19, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for NEM. Earlier on October 30, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for NEM stock which previously was a “a Buy”.
Analyzing NEM Stock Performance
During the last five days, there has been a surge of approximately 6.44%. Over the course of the year, Newmont Corp shares have jumped approximately 11.90%. Shares of the company reached a 52-week high of $42.14 on 01/16/25 and a 52-week low of $37.68 on 01/06/25. A 50-day SMA is recorded $40.86, while a 200-day SMA reached $45.15. Nevertheless, trading volume fell to 9.42 million shares from 11.65 million shares the previous day.
Support And Resistance Levels for Newmont Corp (NEM)
According to the 24-hour chart, there is a support level at 41.35, which, if violated, would cause prices to drop to 41.06. In the upper region, resistance lies at 42.04. The next price resistance is at 42.44. RSI (Relative Strength Index) is 61.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.26, which suggests the price will increase in the coming days. Percent R is at 9.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
