Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hudbay Minerals Inc shares valued at $74,770 were purchased by Carter Robert A on Dec 10 ’24. At $9.33 per share, Carter Robert A acquired 8,014 shares.
Also, Del Rio Francisco Javier purchased 47,568 shares, netting a total of over 430,841 in proceeds.
As published in a research note from Jefferies on August 14, 2024, Hudbay Minerals Inc [HBM] has been rated up from a Hold to a Buy. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early May. As of April 09, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for HBM.
Analyzing HBM Stock Performance
During the last five days, there has been a drop of approximately -3.42%. Over the course of the year, Hudbay Minerals Inc shares have jumped approximately 4.57%. Shares of the company reached a 52-week high of $9.11 on 01/10/25 and a 52-week low of $8.14 on 01/23/25. A 50-day SMA is recorded $8.69, while a 200-day SMA reached $8.61. Nevertheless, trading volume fell to 6.33 million shares from 4.41 million shares the previous day.
Support And Resistance Levels for Hudbay Minerals Inc (HBM)
According to the 24-hour chart, there is a support level at 8.23, which, if violated, would cause prices to drop to 7.99. In the upper region, resistance lies at 8.62. The next price resistance is at 8.77. RSI (Relative Strength Index) is 46.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 65.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
