Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GMS Inc shares valued at $744,141 were purchased by BROWNING PETER C on Nov 26 ’24. At $101.94 per share, BROWNING PETER C acquired 7,300 shares.
Also, Hendren George T sold 5,000 shares, netting a total of over 510,650 in proceeds. Following the sale of shares at $102.13 each, the insider now holds 23,772 shares.
Before that, BROWNING PETER C had added 7,116 shares to its account. In a trade valued at $643,384, the Director bought GMS Inc shares for $90.41 each.
As published in a research note from DA Davidson on November 26, 2024, GMS Inc [GMS] has been rated down from a Buy to a Neutral and the price target has been revised to $97. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of December 09, 2022, Loop Capital has decreased its “Buy” rating to a “Hold” for GMS. Earlier on September 07, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for GMS stock which previously was a “a Buy”.
Analyzing GMS Stock Performance
During the last five days, there has been a surge of approximately 3.04%. Over the course of the year, GMS Inc shares have dropped approximately -14.48%. Shares of the company reached a 52-week high of $86.68 on 01/02/25 and a 52-week low of $65.88 on 03/06/25. A 50-day SMA is recorded $80.35, while a 200-day SMA reached $88.02.
Support And Resistance Levels for GMS Inc (GMS)
According to the 24-hour chart, there is a support level at 71.70, which, if violated, would cause prices to drop to 70.84. In the upper region, resistance lies at 73.32. The next price resistance is at 74.08. RSI (Relative Strength Index) is 36.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 55.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
