Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gates Industrial Corporation plc shares valued at $1,173,600 were purchased by Eliasson Fredrik J on Mar 07 ’25. At $19.56 per share, Eliasson Fredrik J acquired 60,000 shares. The insider’s holdings grew to 188,452 shares worth approximately $3.63 million following the completion of this transaction.
Also, BX Gates ML-5 Holdco LLC purchased 14,865 shares, netting a total of over 317,962 in proceeds.
Before that, BX Gates ML-4 Holdco LLC had added 64,602 shares to its account. In a trade valued at $1,381,837, the insider bought Gates Industrial Corporation plc shares for $21.39 each.
As published in a research note from Barclays on December 05, 2024, Gates Industrial Corporation plc [GTES] has been rated up from an Equal weight to an Overweight and the price target has been revised to $25 from $21. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of August 19, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for GTES. Earlier on March 08, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for GTES stock which previously was a “a Peer perform”.
Analyzing GTES Stock Performance
During the last five days, there has been a drop of approximately -2.58%. Over the course of the year, Gates Industrial Corporation plc shares have dropped approximately -6.47%. Shares of the company reached a 52-week high of $23.85 on 02/19/25 and a 52-week low of $17.72 on 03/31/25. A 50-day SMA is recorded $20.60, while a 200-day SMA reached $19.08.
Support And Resistance Levels for Gates Industrial Corporation plc (GTES)
According to the 24-hour chart, there is a support level at 18.57, which, if violated, would cause prices to drop to 17.91. In the upper region, resistance lies at 19.59. The next price resistance is at 19.94. RSI (Relative Strength Index) is 45.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 43.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
