In a filing, Gates Industrial Corporation plc revealed its Director Eliasson Fredrik J acquired Company’s shares for reported $1.17 million on Mar 07 ’25. In the deal valued at $19.56 per share,60,000 shares were bought. As a result of this transaction, Eliasson Fredrik J now holds 188,452 shares worth roughly $3.28 million.
Then, BX Gates ML-5 Holdco LLC bought 14,865 shares, generating $317,962 in total proceeds.
Before that, BX Gates ML-4 Holdco LLC bought 64,602 shares. Gates Industrial Corporation plc shares valued at $1,381,837 were divested by the insider at a price of $21.39 per share.
Barclays upgraded its Gates Industrial Corporation plc [GTES] rating to an Overweight from a an Equal weight in a research note published on December 05, 2024; the price target was increased to $25 from $21. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. RBC Capital Mkts also remained covering GTES and has increased its forecast on August 19, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Wolfe Research revised its rating on March 08, 2024. It rated GTES as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of GTES
On Friday, Gates Industrial Corporation plc [NYSE:GTES] saw its stock jump 1.34% to $17.41. Over the last five days, the stock has gained 10.26%. Gates Industrial Corporation plc shares have fallen nearly -15.36% since the year began. Nevertheless, the stocks have risen 0.35% over the past one year. While a 52-week high of $23.85 was reached on 02/19/25, a 52-week low of $14.70 was recorded on 04/07/25. SMA at 50 days reached $20.07, while 200 days put it at $19.10.
Levels Of Support And Resistance For GTES Stock
The 24-hour chart illustrates a support level at 16.94, which if violated will result in even more drops to 16.47. On the upside, there is a resistance level at 17.69. A further resistance level may holdings at 17.97. The Relative Strength Index (RSI) on the 14-day chart is 43.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.48%. Stochastics %K at 49.27% indicates the stock is a holding.
How much short interest is there in Gates Industrial Corporation plc?
A steep rise in short interest was recorded in Gates Industrial Corporation plc stocks on 2025-03-31, growing by 0.43 million shares to a total of 7.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.42 million shares. There was a rise of 5.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 29, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
