The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Newmont Corp shares valued at $128,670 were sold by Toth Peter on Feb 03 ’25. At $42.89 per share, Toth Peter sold 3,000 shares. The insider’s holdings dropped to 79,596 shares worth approximately $3.8 million following the completion of this transaction.
Also, Viljoen Natascha sold 9,000 shares, netting a total of over 386,010 in proceeds. Following the sale of shares at $42.89 each, the insider now holds 136,967 shares.
Before that, Brook Bruce R had sold 2,077 shares from its account. In a trade valued at $89,083, the Director traded Newmont Corp shares for $42.89 each. Upon closing the transaction, the insider’s holdings decreased to 2,077 shares, worth approximately $2.39 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 6.39%. Over the course of the year, Newmont Corp shares have jumped approximately 28.29%. Shares of the company reached a 52-week high of $47.99 on 02/13/25 and a 52-week low of $37.68 on 01/06/25. A 50-day SMA is recorded $41.07, while a 200-day SMA reached $45.59. Nevertheless, trading volume fell to 11.61 million shares from 11.97 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 46.95, which, if violated, would cause prices to drop to 46.15. In the upper region, resistance lies at 48.27. The next price resistance is at 48.80. RSI (Relative Strength Index) is 75.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 3.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
