Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. McEwen Mining Inc shares valued at $19,114 were purchased by Darveau-Garneau Nicolas on Dec 06 ’24. At $8.37 per share, Darveau-Garneau Nicolas acquired 2,285 shares. The insider’s holdings grew to 2,285 shares worth approximately $19536.75 following the completion of this transaction.
Also, Diges Carmen L sold 17,066 shares, netting a total of over 161,103 in proceeds. Following the sale of shares at $9.44 each, the insider now holds 10,982 shares.
Before that, Spears Stephan Michael had sold 2,503 shares from its account. In a trade valued at $24,529, the VP Corporate Development traded McEwen Mining Inc shares for $9.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,503 shares, worth approximately $6421.05.
Analysts at B. Riley FBR started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of December 11, 2017, ROTH Capital has initiated its “Buy” rating for MUX.
Analyzing MUX Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, McEwen Mining Inc shares have jumped approximately 9.90%. Shares of the company reached a 52-week high of $8.76 on 01/30/25 and a 52-week low of $7.90 on 01/28/25. A 50-day SMA is recorded $8.31, while a 200-day SMA reached $9.53. Nevertheless, trading volume fell to 0.87 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for McEwen Mining Inc (MUX)
According to the 24-hour chart, there is a support level at 8.36, which, if violated, would cause prices to drop to 8.17. In the upper region, resistance lies at 8.75. The next price resistance is at 8.95. RSI (Relative Strength Index) is 55.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 23.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of McEwen Mining Inc (MUX)?
On April 20, 2015, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $1.25.
